i will present the cac report today. item 67 on the again -- item 7-up date on the san francisco management study brought concerns about the use of the hov lanes. they questioned the issuians of the clean air stickers on the use of the lanes giving increasing popularity of the vehicles in the bay area. there was concern that private shuttle buses would reduce the lanes effectiveness. this concern was more voiced during the public comment when private commuters buses were held up for the transportation not open to everyone. starting with number 8. the cac recommended approval for the prop operation of the prop k funds. item 9 approval of the local programming, partnership program or lpp formula program funds for street re-surfacing and exchange of lpp funds with prop k funds for the managed lanes. expressing the appreciation the funds could be used right away for street improvements. item 11, the 2017 san francisco management program raised questions about reporting the findings given the measures of the transit and auto

morning with the early trading that we've already seen, it looks like the dax is already up by 1.5% the cac in france is up by 1.2%.

cac 40 still trading just about.loomberg. ♪ ♪ nejra: live from london, this is the european close, i am nejra york with shery ahn in new . equities finishing up the day and the year in european trading. let's take you to the market action. not a huge amount of action today at the headline level if you look at the stoxx 600, pretty much unchanged. this is the picture if you look at the regional map on wmd. closing lower by 5/10 of 1%. these closed a couple of hours ago but we carried on with the cac 40 and the ftse and the ibex with the cac 40 closing lower by 3/10 of 1% and the ibex in spain down for tens of 1% in the ftse in italy leading. -- down more than 1%. that is regionally. i want to talk about the year that has been. the stoxx 600, european stocks set for their longest stretch of annual gains on record. six years of gains for the stoxx 600 which is what we have seen. and the stock 600 has closed out the year with its best gain since 2013. something to be positive about in european equities. ,uropean equities

the cac is down .7%. the dax is down .7%.ss has rippled around the world. expect to see that hit s&p futures this morning as well. s&p futures are right now, it is showing a miss price on the bloomberg of .1%. and itslk about opec partners. they have agreed to extend oil production cuts to the end of 2018, continuing the campaign to get back control from american shale producers. each of the strength of the unprecedented alliance, which analysts. the saudi energy minister said the two countries are united. much show whatry we have done in 2017, and we have seen an increasing level of compliance from both non-opec and opec countries. october are very encouraging, and we expect november to reflect as well. for more on this, let's bring in yousef gamal el-din, joining us from opec. surpriset a bit of a in the final announcement. people didn't think russia would go along with this. the marketprise workers in vienna as well? -- the market watchers in vienna as well? yousef: we had a solid strength from russia and saudi arabia. --

subcommittee meeting in september and a full cac meeting in november.he design plan for the 10a parcel was well received by the cac in an action was taken during the november meeting to recommend that the ocii commission consider the conditional approval of the current sematic design and staff will continue to keep the cac up-to-date on on the project's progress. and the 10a team has done well in meeting observe tives through the project services team selection and a previousing rate of 81% and four of the five largest professional services contracts for the project are with san francisco based small business enterprises and three out of the four are also minority owned. they will the first alice growth i am project and they're looking forward to completing another parcel in the candlestick neighborhood. finally the schedule they will have the bond allocation this month and spend a year securing the rest of its financing sources and halfway through 2019 , and the ground lease after these two milestones the project will be ready to close on its construct

dax and cac 40 trading sideways, a mixed picture in other industries and in the fx face, broad basedeakness and the today,shed through 119 just below that now but up 3/10 of 1%. cable meanwhile has gone above 134, slightly below that now, 133.97. up to 10 sub 1%. fixed income space, the 10 year yields, generally yields moving lower. metals on the front foot, let an aluminium moving higher with brent crude down 6/10 of 1%. one stock i want to highlight, the today chart for impact. ams drop as much as 14% today, down a present or 9%, one of the apple stories. concern over the past couple of days about apple and the iphone x. as the european markets have somened, we have seen companies drop. looking at industries, tech stocks providing the biggest downward drag, down 3/10 of 1%. on the upside, materials outperforming, not a surprise given what i said about metals and the gains in the space metals. stoxx 600 up to tenths of 1%. of 1%. ftse 100 hit a record high even with sterling, cable back above 134. taylor riggs has more from new york. taylor: we are seeing a little bit of gains on th

we heard mention of the cac through the former redevelopment area plans. i should note we have the soma stabilization fund that looked at how to distribute infrastructure and community service, looking at it as an option for some of the fees as well as the eastern neighborhoods advisory committee as well. so michael is to work with the community as well as planning to set up a governing structure for how we disperse fees in the future. i think there's a lot of work to do and i ask the community to help us to develop our list of priorities as well, as we think about what the priority services are, i'm struck by, you know, hearing the staff at betsy carmichael, in terms of the readi reading level scores, it's hard it hear, but sacramento does project spending needs for prison based on 3rd grade test scores. there is a nexus between when children succeed in elementary school and the likelihood of ending up in our prison system. so whatever we can to do strengthen our communities in the long term, i think we should certainly be focused on that. finally, i ment

the cac would like to see a few other additions. first, we're excited to be invited to the table as part of the committee that will review. a couple of clarifications we'd like to make. one, we hope that the committee will complete its work, regardless if it takes just a 'em enter, which will bring it to the end of the 2017-2018 school year. we'd like to see that the assessments that are currently implemented at the district will continue to be implemented until the committee finishes its work. we also believe that one of the recommendations we'd like to add would be a fit criteria for determination, making sure that we meet state and federal law. we think that's an important criteria for the committee to consider, and also, at thesub committee meeting, we had discussed the fact that this is based on some previous verbiage. we'd still love to review that policy potentially as part of the committee, but thank you so much for this amended resolution. we appreciate it, and again, the parent feedback that was considered is -- is appreci

the cac more than the dax, the ftse more than any of the above.t is pretty flat, that's what you can seen. it's not showing as much of the imap. i want to walk you over here and show you what is happening. matt mentioned what is happening in the energy sector. the material sector looks brighter. isthink even more witness creeping into the material sector. london, in some ways, is underperforming. you have the pound in the mix plus you have what is happening in the ex dividend's. commodities are negative. it's the safe areas of the market that are looking a little more solid. health care is trading reasonably strongly. as you can see, it's a very different market. morris safe buyers in this market. trading tond energy the downside. mats? stocks,king a look at -- stoxx, exactly what we are expecting. you see a bounceback in the tech stocks. these are stocks that got hit on the last couple of days. tech stocks around the world came down. on the plus side, hsbc of the top. none of the other banks really lifted. ,ome of the defensive stocks unilever an

the german dax is up fractionally the french cac is about flat ftse 100 is the outperformer that's up 0.6%, again after gains in those last week. >> oil prices for you, which were up about a percent on friday but down just nearly 2% for a week as a whole. wti slipping this morning a bit, down 0.4%, $57.1 the price of wti. the dollar board rallied last week, the index up over the week no individual single-day moves, but by the end of the week, nicely higher, which is worth noting given that equities and yields didn't work in the same vain today the dollar is a bit weaker against the euro, but not too much happening with the woupoun and the yen. gold prices up about 0.3% or so today. they did fall noticeably last week, down some 2.5% the price at 1,252. >>> the week ahead on wall street is full of economic data. tomorrow look for the november producer price index the fed also kicks off a two-day meeting. on wednesday we'll get cpi as well as that fed decision, where they are largely expected to hike rates again latest economic forecast, also janet yellen's news conference will be on wed

the cac's down. you're going to be fairly flat at the get-go of trade. take a look at these numbers. 75.37. barely budging. fractional moves being generated by the market makers earlier on. we will let the market get open. cac 40 delivering similar things. the dax had a similar day, really strong session. they can be worth paying attention to. soft data has been -- are we in danger of getting to the point where we are starting to all over? there is the cac 40. down by .2%. pretty much as anticipated by the fair values. we are seeing a very flat open here in europe. mixedhonest, it is pretty up as well. let's turn our attention to what is happening with the sector story. financials on offer this morning. not by much. the whole market down less than .1%. energy, light leak read -- bright red. materials looking better bid. that could be a factor in what is happening with china. ,he big lumpy bit of the market the financials, the industrials, health care. trading softer this morning. energy stocks feeling the pinch this morning, matt. matt: i want to point o

with the stoxx 600 at least, and the cac 40, both down by 6/10 of a percent.hile, the dax is pretty much -- the ftse is pretty much flat. this is bloomberg. flat. this is bloomberg. ♪ live from bloomberg's new european headquarters in london, this is the european close, and i'm nejra cehic with shery ahn in new york. let's take you through all of the market action today. there is a little bit more action than there was yesterday. we saw the stoxx 600 finish much flat, and stocks to the upside yesterday. we saw some of the indices intog quite firmly negative territory. you have the dax down 7/10 of a percent, the cac 40 found -- down by the same amount in france, italy showing some weakness, the ftse 100 in the u.k. is flat. that hit a record high in yesterday's session, so a little bit of a down -- downgraded and european equity. if we look at the map for the stoxx 600, we can see this clearly as well. -- of/10 of a percent, 1%, and read really dominating the wheel, where it was -- red dominating the wheel, where it was mixed yesterday. leading telecom stocks

cac in paris. i does peak periods. dax in germany.ea: taking a look at stocks in asia appeared higher by a percentage point in the nikkei in japan from the hang seng hong kong higher fractionally. adam: what do you good for the person who has just about everything? how about more money. the huge stockings suffer kanye west got his wife, kim. "fbn:am" continues right now. lea: 5:31 a.m. i am lea gabrielle in for cheryl casone. adam: i am adam shapiro in furtherance of the navy. the tribe administration continues to turn up the heat on pyongyang. lea: griff jenkins in with the details. sorry about that. reporter: he may be in sunny florida but they are taking no background or north korea. to sanctions described as key leaders of the nuclear weapons program. steve mnuchin saying saint treasury is targeting theaters of north korea's ballistic missile programs as part of our maximum pressure campaign to isolate the dpr can achieve a fully denuclearize korean peninsula. the move follows a u.n. security council resolution imposing sanctions

cac and the dax down. lauren: stocks in japan closing lower. bank of japan holding steady on interest rates. shanghai composite at the third of 1%. gerri: apple admits what we are at the new. the iphone get slower as it gets older by design. we'll tell you why. "fbn:am" starts right now. trade 350 am in new york. it is theirs day, december december 21st and lauren simonetti. gerri: good morning. and gerri willis been for cheryl casone. lauren: subtlest week ever. gerri: you are eager for christmas. lauren: overnight in australia, 14 people injured after a white suv plowed into a crowd of pedestrians on a busy sidewalk filled with holiday shoppers in melbourne, the country's largest city. among those hurt comment a preschool child in serious condition with head injuries. police arrested the driver of the vehicle as well as another person. an investigation underway, but police say this was no accident. >> this is a deliberate act in a repeat at this stage we believe it was a deliberate act. however, we do not know the motivation and it's still ea

and france's cac 40 still open. the exchanges that are part of euronext are still open. overall, if you look at the benchmark, the stoxx 600, you are seeing it pretty much flat at this point in time. not a lot going through this trading day. pretty much treading water. that said, european stocks are heading for their best year in terms of the scope of the game, around 7% or 8% since 2013. the stoxx 600 heading for its sixth annual game. there are superlatives to pay attention to. this is the picture when it comes to industry groups. on the upside today, you have consumer staples and real estate outperforming. on the downside, dragging lower, consumer discretionary and industrial. a mixed picture across the wheel. flat overall. i want to take a look at the euro as well. this has been the best performing t10 currency against the greenback. 120.e heading toward we are at a 14 week high amid broad dollar weakness into year-end. but guess what? the euro heading for its best year since 2003. finally, on the fixed income space, i want to look at the 10 year bond yield -- bund y

markets across the continent, we can see ftse trading up slightly, as is the xetra dax in germany the cac and the ftse mib trading slightly into negative territory. we look at the sectors to see what's going on. basic resources are up strongly, as are autos you can see that telecoms are down almost a third of a percent across the continent so that seems to be one of the major drivers of that flat market in terms of balancing things out let's talk about tax bills in the u.s. the senate passed the 500 pa page 1$1.5 trillion republican tax bill by 51 votes to 48 the result was met with a muted response by tired senators as all republicans present voted yes and all democrats voted no vice president mike pence and steve mnuchin watched over the vote which protesters disrupted on several occasions speaking after the decision, mitch mcconnell said it represented the start of a new economic era in the united states >> after eight straight years of slow growth and under-performance, america is ready to take off. with this tax reform america is ready to start performing as it should have for a numb

flat on the session, the cac down two thirds of a percent as of the dx in germany. markets are mostly lower the exception of korea up a third of a percent. hong kong, hang seng up to 1%. the supreme court president trump justices will love the white house to fully enforce the ban on the travel to the united states the united states for six mostly muslim countries now. we break that down coming out. california residents on alert this morning. details of a massive wildfire north of los angeles explodes overnight. all the details. terrifying moments, pittsburgh steelers linebacker taken to the hospital following a scary collision that left him with an apparent back injury. very latest on his condition coming out. one player stands for an american hero literally paid tribute to to "american sniper" chris kyle that has many nfl fans cheering this morning. dreaming to talk about all about it, fox pieces that were dagen mcdowell. military analyst general jack keane and cfr investment strategist and develop back with this. good morning. >> good morning, maria. great to be h

cac quarante up a quarter of a percent and dax index also up a fraction. the board in the heels of record setter on wall street. several former nfl stars hit with sexual misconduct allegations, details as they are suspended from the nfl network. an american express says put the pen away, why they are no longer requiring signatures for purchases. users are turning on netflix after it reveals top-watched shows and pulls viewers on blast, the tweets that spark privacy concern. here to break it all down dagen mcdowell, jon hilsenrath, and beyond sport global ambassador john layfield. great to see you. you're loving the bitcoin. jon: we can't stop talking about it. jon: 16,000. maria: i'm more to talk about the tax plan because i'm wonder if the new provision in the senate tax plan will create selloff in the stock market by year-end, jon. >> i think there's a real problem with year-end tax planning right now. they will have a bill done in next week and a half and anyone who wants to position 2017 taxes for year end, they don't -- they are going to have to week

ftse 100 don't 0.24% dax and cac struggling going into today ftse mib is up 0.2%. so perhaps periphery markets are expecting something positive out of mr. draghi. >>> the picture for u.s. futures at the open, pointing to a firmer start to the day. s&p 500 seen to open 7 points higher dow jones up 71 points dow jones yet again made another record high in yesterday's trading session. i feel like a broken record. i say that every day new high for dow jones s&p did struggle after that fomc meeting. equities continue to do well >>> this is the first time in a decade and a half of anchoring, that i had to read a christmas rhyme on air two weeks before christmas when all through the house, not a currency was stirring except the crypto mouse the bonds were hung by the chimney with care, in hopes that st. nicholas soon would be there. the investors were nestled all snug in their beds, while visions of bitcoins danced in their heads. >> wow >> wonderful >> i feel like we should give that a pause listen to the music. take it all in >> and sing jingle bells >> very sweet. beau

these neighborhoods set up a cac to do that, but it's failed. a, it's too big. for neighborhoods, you can't pay enough attention to any of them. second, its purview is too narrow. it looks like the childcare funds that come from the fees. they refuse to have any public input at all. it takes a community advisory board of some kind. the bureaucrats, the departments, all came to ask on every separate topic. and the members listened to each other. they were not just siloed in their own interests. for this plan to succeed over 10, 20 years, and promises turn to real stuff and need to enact that process. >> thank you. and there has been an opportunity to bring our communities together. >> corey smith speaking on behalf of the housing coalition program with the distribution of funds, we'll defer. on the housing front, we have an opinion. we've made this request repeatedly and would love to see an amendment change in this. it's regarding the implementation measure, calling for everything over 30,000 square feet have 2/3 of redevelopment be nonresidential. we're asking

good luck on your service on the cac, and with that next item please. >> clerk: item 7. update on the san francisco freeway corridor management system study. this is an information item. >> chair peskin: mr. high hydel. >> good morning. we are here to talk about addressing congestion on the san francisco freeways. as noted this is an information item related to items 8 and 9 on the agenda identifying funding for future phases of this effort. i don't think it is a surprise that traffic in san francisco is bad and getting worst. there are many empty seats in cars, vans, bus us on the roadways. our best efforts show that between now and 2040 there could be up to 140,000 additional trips between san francisco and south bay. they would fill one new peak period bus per minute on the freeways. all of those people will spread across buses, cal tran and cars. we know addressing congestion is important. it is not just the congestion but quality of life and higher rates of health issues. they suffer health concerns. more cars will only exacerbate this problem. we need a plan to add

i will be presenting the cac report today.eginning with item eight, the cac recommends approval for the allocation of prop k fundses as presented. there was particular support expressed for the valencia street bikeway impolicemen taths plan request -- implementation plan. the bike lanes were last striped in 1999 and valencia street has become a major bike commuter route in the city. at the same time, development along this corridor has resulted in many more conflicts and hazards with transportation network company or tnc and food delivery drivers making quick stops and double parking in the bike lanes. the item did pass. turning to item ten, the presentation on the 2017 facility's framework. a question was raised if any of the older facilities to be altered or replaced had any historic cig any chance. they don't -- significance. it was also noted the facilities owned by the city and county seemed to kon trait on the eastern side of the city -- concentrate on the eastern side of the city. and whether it would hinder growth and

the dax up the cac up 0.2%. the ftse mib with a strong start today, up 1.25%. we saw sterling had a bit of a jump this morning, cable there just very, very slightly up at this point, strengthening against the dollar the dollar is up against the yen. we can see euro weakening against the dollar these brexit negotiations have been playing havoc with sterling over the course of the week. we'll see how that plays out in the coming months. fitch rating says growth in the uk is slowing due to uncertainties weighing on the capex plans. joining us is brian coulton. a lot of news out of brussels this morning what does that mean for the uk economy in the next two, three, 12 months? >> you have to remember, this is just a preliminary this is the negotiations before the negotiations that's all we've seemed to achieve today. none of the naughty problem of ireland has been solved, the can has been kicked down the road. we don't have a lot of time in 2018 to agree on all these things we need to agree on the longer we go on without significant breakthroughs on how the future r

. >> i occupy seat 9 of the cac, at-large seat. i have a letter from our chair, lisa spineli, sunniside residential seat. "as chair of balboa seat, i'm sorry i'm unable to attend today as i'm out of town for work. i want to give my support for the developer. over the last few years, the cac with the community have worked hard to outline the parameters and principles for the selection process. it created a framework for developer candidates to utilize for their proposals and serve as a core part of the criteria the select developer. in my role as chair, i serve on the selection committee and ccsf. we participated along with city employees, the process was very thoughtful and thorough. at the conclusion of the process, avalon bay/bay bridge housing scored highest on the selection criteria. they appreciate the opportunity to build on 17 acres of san francisco land. they're committed to working with the community and will bring their best thinking and creativity for open space and the community." can i have 2 minutes for myself as well

cac in france off by a quarter of a percent the ibex in spain off by close to a percent in trading. >sticking with europe, pensions are escalating in spain after separatist parties in catalonia declared victories in the latest regional elections. willem marx has the latest from barcelona. good morning >> reporter: this was an election called by mariano rajoy, the spanish prime minister to try to take back control of catalonia it was anything but normal we had carles puigdemont, the ousted president of catalonia campaigning remotely from brussels, we had another campaigning from inside a jail cell in madrid nevertheless, their two parties combined with another separatist party have won a majority in the assembly that means there's a huge problem for mariano rajoy who called the election. the tensions have not dissipated it's what carles puigdemont, the ousted president of catalonia described as a slap in the face for mariano rajoy. >> given this vote, does this raise the chance of another independence referendum coming to fruition in 2018? >> i chatted a few moments ago to one of the m

cac is up 0.1% let's look at foreign exchange all eyes on the u.s. dollar. the fed hike is potentially coming up on wednesday expectations are for the rate hike to go ahead, more than 95% priced in. euro/dollar trading around the flat line, just a tad below that 18 mark dollar/yen, 0.1% weaker. the cable, sterling/dollar, trading up at 1.3362 strig slightly stronger on the day. inflation data and the bank of england meeting coming this thursday now, just got a flash on psg group. the shares in the group have turned negative, down nearly 3% after reports that steinhoff are thinking about stake disposal. so, that is more repercussions from that steinhoff story we've been following this week the psg shares are down 3.7% >>> now, theresa may has told parliament that the uk will only pay its brexit divorce bill if it can secure a trade with the european union there will be a fresh round of talks focused on the uk's relationship with the eu the conservative leader said friday's break will you on the irish border bodes well for the second phase of talk >> is a new

cac carant still up. foots s ftse mib still holding up. the euro is still trading stronger against the dollar. the dollar trading slightly stronger against the yen and the pound holding pretty strong against the u.s. dollars the u.s. futures before we hand it over to my colleagues across the atlantic the s&p 500 with an implied open up 13 points dow jones looking to open up 140 points nasdaq pretty positive after what was a strong end to the week last friday that is it for today's show. i'm willem marks my colleagues at "worldwide exchange" are up next. ♪ (news anchor) downtown traffic is still bad. expect massive delays. (news anchor 2) all lanes on highway 50 remain closed at this hour. (news anchor 3) the stats are in and this city leads with some of the worst traffic, with the average driver sitting in gridlock the equivalent of three days a year. for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts, over the course of the week, to about 10 pounds of carbon dioxide. g