waller. i serve as the executive director of the georgia apple seed center for law and justice. georgia apple seed is a nonpartisan law center. we're dedicated to advancing justice for all of georgia's children through law and policy reform and representation of children. we focus our efforts on removing barriers to injustices that are faced by black and brown children, children experiencing poverty, lgbtq children, children with disabilities and children in foster care. georgia appleseed requires every child had access to strong schools in a stable, healthy home. i will provide information on the impact of institutional landlords on the lives of low-income georgians. i'm going to begin by sharing a story of april. she lives in albany, georgia. an apartment complex owned by an out of state investor. i'm going to use the term institutional landlord and institutional investors interchangeably. i'm referring to the corporate owner usually out of state that owns multiple properties. is in the bus

waller. tuesday we heard from tenants whose ceilings had fallen in, rents go up 50% in a single year. a lot of people why don't they just move. you gave a good example of a renter in albany. you know renters in georgia who face conditions like this. do they have the option to just move? >> thank you, chairman brown. no, moving is difficult for anyone. this this case, folks find they don't have other options. they are just simply aren't places to move to that they can afford. i have spoken with te nabts who live in mobile homes where children have fallen through the floor. and they are still paying monthly rent because they have no place to go. there are direct measurable costs and sometimes as much as three times the monthly rent. you have a child in school. you have to remove them from that school. if your child has disability, you have to transfer individualized education plan. this is difficult. you have to consider your job. and you have to figure out a way to get there and moving to a ne

waller. anita melinda who is here remotely as it new york city tenant in a building owned by private equity firm but she's been organizing with her neighbors response to current landlord's actions, melinda welcome. peter is it assistant director at the american enterprise institute housing sentry he served as a director of research and the housing center, welcome mr. peterborough. >> joe griffith in committee yesterday actually is in the subcommittee was a research fellow at the institute for economic freedom. opportunity through the heritage foundation, welcome but sally martin is director of housing market and for that city of cleveland. she joined mayor bibb the new mayor cabinet just this week. until earlier this month she served as manager of housing city of south euclid suburb where she worked since 2008. she served on the executive committee and a vacant abandoned property counsel in cleveland. we'll now hear from the witnesses.sh welcome. >> thank you chairman brown, ranking member to

but now under your regular calendar, item 6, case number 2022-006466coa 621 waller street, certificate of appropriateness is proposed to be continued to march 16, 2022 for the request of the supervisor. we should open up public comment for the item proposed to be continued. members of the public, you need to press star 3 to be added to the queue and we'll take comment only on the matter of continuance. seeing no requests to speak from members of the public, i take that back there is one request. >> excuse me, jonas. this is jason. i need to recuse myself from -- it looks like the 809 montgomery street and the 621 waller street items. >> ok. let's take up that matter of recusal, then, for 621 waller since it has already been called. >> so move that he be recused. >> i second. >> on that motion to recuse commissioner wright. [roll call] so moved, commissioners. you are hereby recused. you can turn off your video and mute your microphone. now members of the public, we will take your comment. you have three minutes. >> caller: hi, there. we've been working with the client and also the plan

chris waller saying as long as the data are still running hot. that's only 2 1/2 weeks away.o it's a good bet those two will be voting for that. if we move to loretta, the president of the cleveland fed, she sees the rate hike starting in march. when it comes to ukraine, he said what happens in ukraine could determine the pace of the move. in other words, she's probably say, look, things are crisis mode. they've gotten worse. depending on how marks are ea re-act, maybe the fed could slow down. tom barkin, you heard him. he said time will tell whether ukraine changes his outlook toward policy but for now he too is on board with normalization. rakell bostic if the atlanta fed looking at that damatic oil price rise as he called it, he said it could have rip also the economy, briefly topping crude $105 per barrel in the last few hours. the difference now, what i think people have to realize, it's not like oh, it's a spike, it's going to come back down. this attack on ukraine by russia is part of putin's strategy, it's part of his plan. i think people figure prices could stay this

christopher waller spoken he talked about this half percentage point rate increase that we justifiedn march of this economic data comes in hot. as a result, global yields rising with the rate hike outlook coming back into focus. u.s. says 18580 one. bloomberg dollar index after a big spike to the upside, coming a little it under pressure by a for the 1%. the dollar and key may appear to be good candidates in the near term, according to markets live team backed up by the central banks on a tightening path. in a flight to haven. brent crude at $1.82. look, goldman sachs seeing the riskier of oil hitting 100 35 dollars on her bond and russia sanctions. i want to put the board and get to it important chart as we think about commodities, think about the agriculture spike in prices. meet sort --wheat soared and adds to inflation anxiety broadly. this index captures the big moves we've been seeing some of the sock commodities. another highlight here on the gold side, this is basically gold at the highest level in 17 months. goldman sachs see is a further spike to an all-time high of $2330 a

dani: we had markets start to pull back on their bets of a 50 basis point hike yesterday, yet waller out overnight and says he is open to debate whether we need that 50 basis point hike. are we at a point where inflation will be so exacerbated by this crisis that we need to slam on the brakes? about one minute here. guest: i think the fed controls the market. 25 basis points -- we are talking about semantics. 25 now, 25 next month, and so forth. we are talking about an out of session hike by the fed. the fed wants a hike. it is better to go with the pain up front in move 50 basis points because they have to catch up with inflation. they are well behind the curve. they are definitely looking to move to be in front of the curve. this is the shift the market is waiting for in the next meeting, whether they actually move toward catching up. manus: calling for the fed to man up. let's see this when you are back. saed abukarsh is our guest this money, senior executive behold...unlimited wireless for only 30 bucks. that's pretty cool, but you know what's cooler? saving up to 400 bucks! exac

governor waller has flown solar before. -- flown solo before. crude is lower, $89.92. big week, biggest loss of the year so far. tom: let us get right to it. andrew sheets with us, writing a wonderful summary of the morgan stanley view in this cross asset analysis. what will you write this weekend? i'm going to front run your clients now. i want to know the theme you focus on as you write this weekend. andrew: the theme we have been very focused on in this -- focused on is this idea that the year could be in three parts. i think we are in the hardest part right now. the first quarter where the growth uncertainty is the highest. the inflation uncertainty is the highest because inflation is high and it has not yet started to come down yet. the policy uncertainty is the highest because we have not had that important march meeting where the fed will give us quite a bit more detail on policy and where the geopolitical risk is the highest. so i think these are still reasons we are not advising investors to buy the dip, so to speak, but these are also factors that could look

while are still talking about 50 basis points -- waller still talking about 50 basis points. fact that oil prices are surging only adding ammunition to the fears of inflationary impulse. jonathan: higher by three basis points on the session at 1.9%. let's say good morning to romaine. romaine: we are waiting to get the pce deflator number at 8:30 a.m. a lot of consumer staples stocks were lower yesterday. they are down once again today, largely because of concerns about how the ripple effects from the ukraine crisis could feed into those inflationary pressures. campbell's soup only down about 0.3%, but we should point out that in markets across the board come on a single stock basis, they are pretty much in a holding pattern despite that stunning verse a we saw yesterday on my a 3% drop on the nasdaq. is to have most of those tech stocks helped that rally yesterday down today, including micro soft, apple. microsoft down about 0.3%. the bids are still coming in for some of the energy stocks. you are also seeing some bids come once again into a lot of those defense contractors,

she and eleanor roosevelt both made passionate pitches on waller's behalf. shortly after world war ii she joined the congress on racially quality on an integrated journey of reconciliation an early freedom ride if you like. she also set up a law practice in new york and her work ledgered to a thorough review of many state laws on discrimination culminating in her voluminous states laws laws on race and color. interestingly she was invited to do this by the methodist church who wanted to you know, understand policies around the country. and so that was really one of her first big contracts there thurgood marshall. refer to this work as the bible that lay behind his arguments in the landmark desegregation case brown versus board of education in 1954, by the way. he also relied on one of her papers from law school that pauly had written to point out how discrimination was a badge of inferiority for black students. you may remember these studies of dolls, right? that weren't used in that in that case. in 1956 polly was hired by the firm paul weiss. well there sh

governor waller thinks it is on the table.y preference is to increase by 100 basis points by the middle of the year if inflation is still running hot. a case can be made for a 50 basis point move in march. we have got a bigger energy story, potentially a bigger shock. when you work through that, does that make the fed move quicker, more slowly? marilyn: the key here is inflation. in terms of the path and the overall trajectory of the fed, i don't think that changes. maybe in terms of timing, pace may change slightly. it looks like the 50 basis point hike next month has been effectively taken off the table. i think we will see a more cautious introduction to rate hikes. that being said, the comments highlight the fact that we are seeing high inflation in the u.s., we have strong underlying fundamentals, looking at maximum employment, other activity in the u.s. the overall trajectory will be on track and they will continue to normalize, but in the short term there is more uncertainty, so perhaps the fed will be a little bit slow

the australian government has officially listed co wallers as endangered. the native marsupials are finding to survive. bush fires, land clearance, and drought conservation is feared. there are now fewer than a 100000 co, all was left in the why it was the defining image of australia's bush fires in 2019 a corolla encircled by flames. before a quick thinking, bystander comes to the rescue. thousands of co olives were caught up in not years, devastating fire season left homeless or treated for dehydration and burns. it was a clarion call for action. will say that honey advertised fires. i asked my scientific experts to really examine whether the qual as listing, as you said on the endangered spaces list, native smith up a notch. and today's announcement is that it has, which is all about priority conservation for this extraordinary, massive hill. on top of the fires, the creatures are threatened by disease. half the population has chlamydia, growing towns and cities to have eaten away at the habitat. the endangered classification means they get more protecti

that fits into the narrative from governor waller last night who said he is still open to a 50-basis move in march if the economy continues to run hot . he specifically cited the pce and pi inflation reports as things he is watching. jonathan: session highs up 6/10 -- up .6% on the s&p, nasdaq up .8%. the bond market, yields climbing higher. your to yield shaping up as follows. up for basis points at 2.001%. tom: it is really quite correlated with a more constructive tone to say the least. one quick question to mike mckee, it is a simple, off of what we have seen here. can we begin to frame out what jim bullard talked about of a re-percent to 4% gdp? the more gloomy statistics that they drift away with these numbers? mike: they don't. well it stays on a table -- the table as a possibility because we do not know what is going on with ukraine and how it will play out. for the fourth quarter, we are going in with straight -- first quarter we are going in with strength. the idea we will see a drop in gdp and growth going forward does not seem to be worn out by the data at this point. jon

chris waller came out. they said that we should signal that we are moving to a neutral and fast-paced, a 50 base point hike will do that if data and job stay hot. also, at 9:00 a.m. we have the nato emergency extraordinary summit with joe biden, and then christine lagarde speaks in a separate meeting with the euro group including with the french finance minister. how much do we hear about further actions and the ecb going in the opposite direction. at 10:00 a.m. u.s. university of michigan a february sentiment survey. we saw -- sought fall to the lowest levels going back to 2011 and how will this be affected despite the fact that gas prices cannot come down with summer zervos leases. obviously the volatility in oil prices and a lot of analysts expect that going forward. jonathan: did you see the line from the governor " my government sent me a text saying the cost of living -- of living is out of control, do something." it seems to be lining up a move. tom: they are data-dependent and the am not going to mi

governor waller was one of the first ones to be speaking about the balance sheet.hers have been on the more hawkish side of course, powell has done what he's done all along which is split the difference between the two. and also what's interesting here -- >> i was going to say you brought up the midwestern ones who are all more hawkish bullard is a voting number maybe their voices are a little louder >> they may be a little louder but everybody on the committee has a say, andin general what the chair wants to do is to fashion a compromise so that even if you're not voting the fed chair doesn't want people on the committee going out and saying different things just from the committee everybody has an opportunity to speak there, and they will and they'll speak publicly, and we'll have them on cnbc over time but i think the thing to do is put each person in context, and i think that gets to brian's question and yours as well, becky. >> steve, appreciate it, our friend thank you very much. and just to reiterate 8:30 monday morning that will be a big one. there you go >

she and eleanor roosevelt both made passionate pitches on waller's behalf. shortly after world war ii she joined an early freedom ride. she also set up a law practice in new york and her work merited a thorough of state laws on discrimination culminating in her voluminous "state laws on race and color." she was invited to do this by the methodist church who wanted to understand policies around the country. that was one of her first big contracts there. thurgood marshall referred to this work as the bible that lay behind his arguments in the landmark desegregation case brown v. board of education in 1954. by the way he also relied on one of her papers from law school that pauli had written to point out how discrimination was a badge of inferiority for black students. you may remember the study of dolls that were abused in that case. she was hired by paul weiss. and she wrote poetry as well. she met irene barlow at the firm. irene became her romantic partner until barlow died in 1976. i wanted to ask if you had any reactions to her poem that you had for today,

when i spoke to chris waller on january 13 he was the first fed officials to comment on this. i asked him about a 50 paces point rate hike this year and he said not likely. we would have to signal that to the markets. jay powell did not say it would not happen when he spoke on jack you are -- spoke on january 26. said today he is open to any size rate hike that is necessary . he is not expecting 50 basis points. is it more likely? maybe not. but things are shifting. a big print like that could hit the fed harder. we don't know. but that is what everyone is watching. yvonne: that 50 basis point hike, it seemed it went from a tail risk to something of a 50-50 shot. the ecb though, there's a bit of a question there. the hawks are growing more skeptical of the doves. what does this mean for policy? kathleen: this is a great get by our bloomberg news team in europe because they spoke to people familiar with the matter and ecb officials are saying off the record that they are worried because the models say our models are great models and our models show it is so the peak and come do

not raise rates in march because of the russian invasion, but now you've got governor christopher waller those who say 25. he said last night if the economy continues to come in hot, including the pce, he would be in favor of 50. st. louis fed president jim bullard also interested in 50. so that is to be settled as we get more data between now and the 16th. the data probably aren't going to look good. take a look at this chart. it shows you where gasoline prices are. take a look in the upper left-hand corner. this is the last five years of gasoline prices at this time of year. you can see how much higher they are right now. if prices of oil status hi, we are going to see some real moves in gasoline that will affect people and the economy and put pressure on the fed. the one thing that is in the markets' favor is that oil prices seem to be coming down because they have exempted oil from russian sanctions. that has the markets believing 25 is probably the best case, so we now see in the fed funds futures market that they are pricing in about 1.2 moves. that is below the idea of two at this

heard from rafael bostick, mary daly, and chris wallace are the federal reserve governor, -- chris waller, the federal reserve governor. you see a flattening in the yield curve not driven by two year yields going higher but tenure leaves -- 10 year yields going lower and bringing down growth expectations and inflation. jonathan: thank you very much. here top story, russia has invaded ukraine. it is a dark day for europe. we have already had a dark address from president putin. tom: the address is real upset here in that the translation by the russian team of the kremlin was maybe a bit off of the mark erie the washington post went out with a "parcel translation" picked up by the sydney morning herald. to conduct a special military operation, the words of mr. putin, it's goal is to protect people who have been abused by the genocide of kyiv for years. we will strive for the demilitarization and denounce vacation of ukraine. in the next, we will strive for the result of the second world war as well as the sacrifices made of our people on the altar of the victory of nazi-ism. axel blue lee -

i think they will go 50 in march unless we see governor waller and other people coming up really aggressivelyinst it. guy: what i think is interesting about what you just said is not the first 50, but the second 50, and the danger presumably from the fed's point of view is that they go 50, the market will extrapolate in bigger increments. is that likely to happen? said: i think if they go 50, there will be people who start to price more than 25 for may as well. but so far, the fed has been dead wrong on inflation. they have waited a year longer than they should have to end bond buying. they are still buying bonds today. they can't explain why. they have not done any hikes at all yet. they're really far behind the curve. if you think you're right should be today already at 1.5%, a be they should just hike the 1.5% right away. but they are never going to do that. i think the market has got to start pushing them. on the dollar has not been acting very well. the dollar has been weakening against a lot of other currencies. so it also indicates that the fed really needs to get rates higher faster,

restaurants it into the early 1940s, and let a national campaign on behalf of a black sharecroppers, odell waller, who was executed for killing his landlord in self-defense in 1942. she and eleanor roosevelt both made passionate pitches on wall or's have. shortly after world war ii, she joined the congress on racial equality on an integrated journey of reconciliation, and early freedom like, right, if you like. she also set up a law practice in new york, and her work noted her the thorough review of many state laws and discrimination, culminating in her voluminous, states laws on race and color. interestingly, she was invited to do this by the methodist shirts, who wanted to, you know, understand policies around the country, and so that was really one of our first big contracts there. thurgood marshall refer to this work as, the bible that lay behind its arguments of the landmark desegregation case brown versus board of education in 1950. four by the way, he also required relied on one of her papers from law school that pauli had been to point out how discrimination was a badge of inferiority for

there is still this debate, though 25 or 50, and as melissa said, here's what fed governor chris waller said yesterday. he weighed in, quote, if inflation and jobs reports indicate the economy is still running exceedingly hot, a strong case can be made for 50 basis point rate hike. the feds preferred gauge, high in january, topping 6%, the core at 5.2 several other fed officials, they have a firm support for hiking rates, some are at 25 a couple at 50 some not saying at all, but the outlook for rates priced into the market, it's interesting, pretty unchanged from where it was before the invasion began. essentially you still have six hikes baked in here. march at 100 may at 100 june for the third hike in 93. july comes down a little bit s still elevated you'd get to somewhere in the 140s, 1.4% would be the funds rate so consumer spending data was strong though americans dipped into their savings to make ends meet, that could bring some help in the months ahead on inflation. with perhaps some demand but the momentum of the economy, and the belief that the ukrainian situation is not going

>> the highlight for me is probably meeting the two raider players on the red carpet, darren waller andme. we will be cheering you on. so great to have you here, aubrey. have so much fun. all right. coming up here, the chicest styles for your valentine's day. stick around. ♪ they're banking, with bank of america. his girlfriend just caught the bouquet, so he's checking in on that ring fund. oh, that photographer? he's looking for something a little more zen, so he's thinking, “i'll open a yoga studio.” and as for the father of the bride? he's checking to see if he's on track to do this all over again...and again. digital tools so impressive, you just can't stop banking. what would you like the power to do? renergie h.c.f. triple serum three powerful ingredients in, you one triple dose.banking. visibly improves signs of aging, layer by layer. volume loss. wrinkles. dark spots. choose your free lancôme gift. at macy's, the beauty destination. the magic is calling you to stay at a disney resort hotel where you're surrounded by the world's most magical celebration. the fun never stops. spec

so waller drought stricken neighbors get snow and rain. we may see just a sprinkle or 2 on tuesday. that's all we're going to be getting here. so likely a continuation of dry weather for us well into next week as well. now, today's daytime highs, pretty pleasant back to the 60's we go. temperatures are running a little bit above average. not near is above average as they were last weekend, but still really, really comfortable. low 70's for campbell and san jose. you're the only 2 spots to hit 70 today. the rest of us will be sharing that range of mid to upper 60's, which is pleasant, especially when you consider all the sunshine we have and the relatively light winds that we're going to see too. getting your look ahead in our next 7 days today. and tomorrow are most mild in the wants to take advantage of and enjoy as much as you can. i know we have the chinese new year celebration tomorrow and a perfect day for it. sunday. we start to cool down and monday and tuesday. it's upper 50's some brisk winds and that chance of a sprinkle on tuesday, the sierra we'll be tapping into snow at

you know, who's talking to us from new symbol system, or more to we know about the attack itself. waller up, we know that the attack before the attack, the u. s. officials informed the turkish side, turkish officials that they would be conducting a counter terrorism operation in utmost a border at 10 town or by the a turkey turkey syria border out mays. the is like the giant at it, it 10th city. it, let me say because many of the id piece or hundreds of thousands of id piece have been living since the civil war erupted and syria and, and there are always repercussions like that. there are cells or who are fleeing from inside it lip and it taking refuge in those camps. so from time to time, we heard the u. s. conduct a similar operations. we know that the operations are ended around 132 a m air last night. a, as the civil defense, a reported there are 13 casualties, civilian casualties it because of this attack. but our local sources confirm a us that it among those 13 casualties. 6, our children for our women and 3 are men. also local sources, especially the ones who want, who reside in

governor waller and others have suggested there's a trillion and a trillion and a half dollars of yourinking about that amount as coming offthe top of your $9 trillion balance sheet relatively easily before you're providing any strength at all to the economy? >> it's very funny to say this i've been having conversations with my team on exactly this point, and i think our consensus is that a lot of that excess liquidity can come off and won't actually represent meaningful tightening because that money is not actually being deployed to continue market functioning and to the hans economic activity. i think as we think about the pattern of reduction the first part of reduction i think we can do pretty significantly. i agree with governor waller i think we should be really looking into ways to remove that excess liquidity that the markets have shown us exists so that we can then get into decisions about what the use of the balance sheet should look like in terms of a menu of tightening our policy. >> last question, president bostic, very quickly are you concerned at some point because of th

fresh fed speak coming up today with charles evans and also christopher waller they will comment on this risks of a hot economy and then we get john williams, the top official that we have not heard from in a bit. he will deliver his economic outlook. and then later, fed governor brainard will talk about essential back digital currency. the scorecard, a slight victory if you look at the markets for those advocating a more modest approach to tightening though many observers still see it as a live possibility >> steve liesman, thank you for bringing us the latest going to be a busy day for you we look forward to those headlines. >>> we turn to the broader markets, the dow coming off its worst day since november you can see trading slightly higher this morning as is the s&p, nasdaq though basically flat under a little bit of pressure so joining us now, jim paulson and also manesh. gentlemen, good morning. you say that the short term risks for equities are skewed to the down side. do you think that we have further to fall? >> yes, i think so i think of course the russia thing is completely u

as i said before, you have this conflict between the midwestern hawks, the bullard and wallereds ands and the georges out there, and they may come up against the new nominees from president biden. but i don't think that conflict happens until the second half of the year i think lift-off and balance sheet reduction are all kind of baked in i don't think you get to the door of being a central bank governor nominee without agreeing some tightening is needed the question becomes later this year when i think there might be some disagreements on the board. >> steve, thank you. >> your favorite currency is the yen, though. >> yen, more of a litmus test. a 1% move in the euro will get your attention by the way, major stock averages are near session lows. the dow down more than 400 points the nasdaq down 3%, 443 points some individual market movers to hit. shares of ralph lauren jumping today after posting an earnings beat they also raised their annual forecast, seeing strength in europe and the u.s i talked to the ceo, he point today the turnaround in north america growing 16% and better mar

i got to meet darren waller and maxx crosby. it was amazing. out there on the red carpet. you feeling more comfortable now? you ready to like have a full time job in tv? >> yeah, maybe. [ laughter ] >> same thing i said and now i'm waking up early every morning. all right, aubrey, thank you so much. i think we'll check in with you a little later. and, cecilia, you got to tell us what's coming up. >> she'll have her people call our people. >> yes. >>> coming up, celebrity chef george duran bringing the battle of the chicken wings. stay with us. >> let's eat. (vo) verizon is going ultra! and so is our best unlimited plan ever! mary, welcome to verizon's new plan with 5g ultra wideband now in many more cities. (mary) cool. (vo) up to 10 times the speed at zero extra cost. our 5g data is foreals unlimited no matter how much you use. (mary) did you just say foreals? (vo) sorry. let's put it to work with six premium entertainment subscriptions included! (mary) shhh, i'm in the lead. (vo) go on, watch all you want. (mary) i love this show. (vo) and be

it said across the street from 201 buchanan, and it shows a pole in front of 201 waller, so i don't know how we or any other members of the public could have gleaned that it was going to be in front of the house. the next photo i saw was in the opposite direction and not up against the house, so it didn't show the impact of it. next slide, please. and i did a public records request, and no photos were provided to me through that. next slide, please. okay. so back to the f.c.c. i was talking about the three-pronged test, and according to that, they have the requirements that it's reasonable, no more burdensome than those applied to other types of infrastructure and objectives. here, number one, it's reasonable, like fees compliance with the aesthetic requirement on providers and the impact on their ability to provide service is just as important as fees. the denial of the permit is reasonable since other alternatives such as using an alternate pole would avoid unsightly obstruction of the landmark. in this situation, the denial of the permit is not creme in a story because -- discriminato