but they'll be receiving their own portions of arpa funding. so understanding and coordinating with them so there's efficient use of funds across agencies is highly recommended. there are many streams of funding, for many types of agencies. and to spread the use of the funds over the qualifying period which is the city or the county as a stabilizing force and they do remind us that our agencies will opine on our use of arpa fund and their credited opinions. and i'll just end with the note that it's a very -- it's historic one-time funding to cover operating shortfalls until our economic conditions locally and our operations locally (indiscernible) that's all i have in terms of slides and i'm happy to take other questions. >> chair haney: thank you. i appreciate it. i saw a couple folks on the waiting to speak. supervisor safai? >> supervisor safai: thank you, chair. can you go back to a couple screens back, the one that talks about the money being divided up? chair haney was asking a few questions and i had a couple questions myself. one was ab

but they'll be receiving their own portions of arpa funding. so understanding and coordinating with them so there's efficient use of funds across agencies is highly recommended. there are many streams of funding, for many types of agencies. and to spread the use of the funds over the qualifying period which is the city or the county as a stabilizing force and they do remind us that our agencies will opine on our use of arpa fund and their credited opinions. and i'll just end with the note that it's a very -- it's historic one-time funding to cover operating shortfalls until our economic conditions locally and our operations locally (indiscernible) that's all i have in terms of slides and i'm happy to take other questions. >> chair haney: thank you. i appreciate it. i saw a couple folks on the waiting to speak. supervisor safai? >> supervisor safai: thank you, chair. can you go back to a couple screens back, the one that talks about the money being divided up? chair haney was asking a few questions and i had a couple questions myself. one was ab

that we were having this conversation before, for instance, like the rental assistance, even in the arpa. we got a certain amount of rent stabilization dollars, but we're anticipating even more -- even some additional dollars coming down outside of that. are you aware of or are you hearing about any additional federal dollars that are going to -- that are on the way? >> yes. so the city received, as you know, a significant amount of rental assistance directly from the federal government and through the state as part of the december stimulus package that was passed. we have yet to receive confirmation on how much rental assistance we can expect to receive as part of the american rescue plan, which is the march stimulus. so we expect that there will be additional rental relief dollars associated with that piece of legislation. we just don't know, nor have we gotten confirmation on the amount. >> are there other areas that we are getting assistance on that could also get additional dollars that we haven't found out yet? >> yeah, there's a lot of unknown, and i believe in the controller's of

he was talking about a new arpa, an arpa age, which would be for health.e class families, saying it was all about jobs. i think he was able to really bring it together in a big framework. and i found it extraordinary. >> also with us, white house correspondent for pbs "newshour," yamiche alcindor. yamiche, good morning. it's good to see you. what were your broad impressions of what you heard last night from the president? we've been talking this morning about this sort of transformational agenda and a departure 40 years later from the philosophy, really, laid out by ronald reagan at his inaugural address in 1981, where he said, government is not the solution, government is the problem. a full 180, finally, 40 years later from president biden. >> that's right. my impression of the address yesterday was that president biden really leaned in on the idea that our democracy can't fail and that there are a host of people, our adversaries, autocrats that are looking at america, looking at january 6th in particular and saying, if america continues to be divided, i

were you able from one arpa racial standpoint to handle these events? i think extremely strongly -- from an operational standpoint to handle these events? we came through i think very strongly. anna: daniel schaefer conducting that conversation. coming up, deutsche bank's dws still -- dws pools and less client cash than expected. we get more details about the results from the asset manager's cfo. that's next. this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." 20 minutes until the start of cash equities trading. futures in europe pointing to the upside on the ftse 100 futures. we've got a lot to think about. u.s. futures look a little bit more range bound. the asian session a bit more range bound. digesting so much news from the tech sector. it does feel as if we are treading water a little this morning. mark: i think that's right, we are treading water. the backdrop is, it has been a very strong earnings season. stocks are at record highs. they are at record highs for good reason. unless there is a catalyst to derail us, th

and he talked about arpa, an advance research project for health. you see the president there with republican senator rob portman. there will be lines that stand out from this speech both for history and for their impact when she said. and we should note the speech is about 50-50 ad-lib and prepared remarks. but when he said go get vaccinated, america, go and get the vaccination, they are available, you are eligible now and the room erupted from that, hard to make it more clearer than that when he said white supremacy is terrorism. he ad-libbed to those remarks making that incredibly pourl statement. when he said to all to the transgender americans watching at home especially the young people who are so brave i want you to know your president has your back. that will land like a proverbial bomb on lgbtq communities across america. it's huge to have the president not just sort of name check you but put it in those terms and that sort of -- in those sort of personal guarantee terms. i think that'll be a very powerful moment for all the scope and all t

>> no, when you're looking at arpa net, the idea was, can we create a fast and efficient way to communicate? and communicate securely? that's what the darpa was trying to create. but talking about desperation at the highest levels. you're not saying what you're supposed to say. desperation at the highest levels. we're talking about cold war broader desperation, the idea we need to create technologies that will give us a leg up on what the soviets are doing. you wants to claim the internet not as a civilian? >> first of all, internet and arpanet are two very different things and they have to be disambiguous. >> the internet and worldwide web are two different things. >> i'll get off this and talk to you about it afterwards. but i do believe what you said is factually incorrect based on interesting viewed people in leadership positions in darpa in the '70s. okay. you know, it's not like the bowling green massacre, but i think it's -- i think you're not right. >> all right, i am. it's fine. >> it's always good to hear vince shamed publicly. >> you're assuming i have the ability to feel shame.

that we were having this conversation before, for instance, like the rental assistance, even in the arpa. we got a certain amount of rent stabilization dollars, but we're anticipating even more -- even some additional dollars coming down outside of that. are you aware of or are you hearing about any additional federal dollars that are going to -- that are on the way? >> yes. so the city received, as you know, a significant amount of rental assistance directly from the federal government and through the state as part of the december stimulus package that was passed. we have yet to receive confirmation on how much rental assistance we can expect to receive as part of the american rescue plan, which is the march stimulus. so we expect that there will be additional rental relief dollars associated with that piece of legislation. we just don't know, nor have we gotten confirmation on the amount. >> are there other areas that we are getting assistance on that could also get additional dollars that we haven't found out yet? >> yeah, there's a lot of unknown, and i believe in the controller's of

looking forward to learning about, your proposal to allocate $6.5 billion to establish, if you will, arpa h, it appears to be a novel approach in supporting innovation to address key problems in health and medical research, critical we strike a balance between this new approach and investments in basic research and fundamental discovery at the nih. once the budget is released, this committee will hold a hearing and have discussions about the arpah program. so i want to hold those questions at the moment until we get to the nih hearing. let me turn to another issue. mr. secretary, your budget includes 4.3 billion for the office of refugee resettlement. i believe this reflects the administration's intention to restore the nation's capacity to care for refugees, including the unaccompanied children program which we know is stressed right now. you inherited a broken graduation system. you also inherited a record number of children fleeing circumstances in central america seeking asylum. i know you're committed to doing what is right for these children. so a couple of questions here, mr. secre

why we think r&d has to be part of the story when you're talking about infrastructure and it's why arpa-i for infrastructure is part of it and we're excited about it for the future. back to the earlier part of your question just to clarify, we view this alongside existing funding streams like chrissy, which has been successful, popular and a way to support rail. what we're asking for with the 625 for the prime program is something that can sit alongside that and it would include eligibility for amtrak but also for states who, as you mentioned, often shoulder a lot of the work and other entities. sometimes there are regional bodies or local bodies that play a role. but the idea is to try to create, support and signal to project sponsors railroads and the industries and supply that we have a commitment to passenger rail. i would also point to the extensive planning and project development that's been done in the course of the last 15 years that we think points the way towards a that shovel ready category. so in terms of how far we would be looking to are, expand service on the state support