so i'm really happy to introduce one of the cochairs, assessor carmen chu. [applause] >> thank you very much, trent. couldn't be more pleased to be here today, and i want to just start off by sharing my deep appreciation for the mayor's leadership in all of this. i know that many of you are aware that it's through her leadership and her vision that brought together businesses small and large, community leaders, and nonprofits to put forth ideas to assist in recovery. i'm joined by awe teen torres from eowd as -- oewd as well as -- joaquin torres from oewd as well as my cochair, rodney san francisco, from the chamber of commerce. through the partnership of our professionals at the department of public health, we've put forward a plan that has been thoughtful and measured, something that has put san francisco apart from the rest of this nation. we're one of the only counties in the state of california to have just recently hit the yellow tier, the least restrictive tier when it comes to the state tiering system. but not only that, we did it in a way that was r

henry chu, give me a sense of what you are seeing and hearing from the us.t of different responses. they are politically governed to a degree but this has been a real shock, hasn't it? it has. it is the "october surprise" that people often talk about when it comes to american presidential elections. i think you have a mix of reactions. of course, you have those who are reacting with compassion and sympathy, often on the republican side of the aisle, and those who are feeling the this is some kind of karma or it's poeticjustice for a president who has downplayed this pandemic from the start. in fact, on a thursday night, just a few hours before he announced his diagnosis, he was seen in a pre—recorded video at a charity dinner saying that the end of the academic was in sight. so i think for him, the danger is that his falling ill like this has completely undermined that message that he has been hammering over the past several months, the claims that the us has turned the corner, that this is all going to be behind us soon, and that his administration had done

master chu is in his own world now. when. he burns the signed papers trip and with the ash the water in the bucket turns into holy water. and. the bricks are meant to catch misfortune. in the station off the reach of. the neighbor to talk ok so i have to all whatever my my body asked me to do so. my my body does. the singing exudes positive energy. choose clients receive a paper figure which represents their unhappy selves. it's hard to grasp everything rationally but his client pamela long swears by it. actually i. saw. him believing that some ways that i can and will have a. chance and with these. helps in some ways. step by step is to leave her streaks of bad luck behind the paper figure is about to be burnt in a ring of fire so that none of the evil spirits can pursue her any longer. master doesn't wish to reveal how much he charges for this ritual but what does money matter if you can change someone's life. you can see. a lot. with all rod. after going there after a few days. you just have to believe it's. someone at the

master chu is in his own world now. and. he burns the signed paper strip and with the ash the water in the bucket turns into holy water. and. the bricks are meant to catch misfortune. in the station off the beach or. a neighbor to talk ok so i have to all whatever my my body asked me to do so hard for. my my body. the singing exudes positive energy. choose clients receive a paper figure which represents their unhappy selves. it's hard to grasp everything rationally but his client pamela long swears by it. as she. saw. him believing that some i can and will have some. trust and. in some ways. step by step is to leave her streaks of bad luck behind the paper figure is about to be burned in a ring of fire so that none of the evil spirits can pursue her any longer. master doesn't wish to reveal how much she charges for this. but what does money matter if you can change someone's home life. that's. a lot. after a few days. you just have to believe in. it's. someone at the other end of the city has his hands full to. william says

master chu is in his own world now. from. the burns the signed paper strip and with the ash the water in the bucket turns into holy water. and. the bricks are meant to catch misfortune. in the station off the reach of the neighborhood. ok so i feel all whatever my my body asked me so question one how. my my body. wreck what i want to do. the singing ball exudes positive energy. choose clients receive a paper figure which represents their unhappy selves. it's hard to grasp everything rationally but his client pamela long swears by it. actually i. saw. him believing that some ways that i can and will have some. chance and be. in some race. step by step is to leave her streaks behind the paper figure is about to be burned in a ring of fire so that none of the evil spirits can pursue her any longer. master doesn't wish to reveal how much she charges for this ritual but what does money matter if you can change someone's home life. that's it. for you you can see. a lot. with all rod energy. giving out. only. after a few days. you j

chu of california, pursuant to house resolution 965, i inform the will vote yes chu n house resolution 1164. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? >> mr. speaker, as the member designated by ms. roybal-allard, pursuant to house resolution 965, i inform the house that ms. roybal-allard will vote yes on house resolution 1164. the speaker pro tempore: for what purpose does the gentlelady from the commonwealth of massachusetts seek recognition? ms. clark: mr. speaker, as the member designated by ms. pingree, pursuant to house resolution 965, i inform the house that ms. pingree will vote yes on h.res. 1164. as the member designated by ms. meng, pursuant to house resolution 965, i inform the vote that ms. meng will yes on h.res. 1164. and as the member designated by ms. frankel, pursuant to house resolution 965, i inform the house that ms. frankel will vote yes on h.res. 1164. the speaker pro tempore: for what purpose does the gentleman from california seek recognition? mr. sherman: as the member designated by mr. garamendi, pursuant t

chu. rep. chu: thank you, mr. chair. let me say, to those on the other side of the aisle that use the term "china virus" in this hearing, the scientific term is novel coronavirus or covid-19. by not using the scientific term, you are stoking the flames of xenophobia that has resulted in hate crimes and incidents. mr. slavitt, thank you for joining us today. i would like to focus on what is at stake for our 135 million americans with pre-existing conditions should the aca be struck down. the democrats created a multipronged approach to protect those with pre-existing conditions. under the aca, you cannot be denied coverage for having a pre-existing condition, but you also cannot be charged more for it and you are required to offer minimum essential health benefits like hospital stays and prescription drugs. although the president's and republican proposals have paid lip service to protecting pre-existing conditions, their proposals fall short of doing so. last month, president trump issued an executive order that he claim

commissioner chu?> casciato, second. >> thank you, commissioner casciato. >> it has been moved and seconded that we adopt the recommendation for the board ... and the list of restricted companies identified in appendix b. madam secretary, please open the lines for public comment. >> thank you. callers, if you have not already done so, please press star 3 to be added to the queue. for those already on hold, please continue to wait until the system indicates you have been unmuted. moderators, do we have any callers on the line? >> madam secretary, there are no callers on the line. >> thank you. hearing no callers, public comment is now closed. >> thank you, madam secretary. again, it's been moved by commissioner chu and seconded by commissioner casciato, roll col, col -- roll call, please. >> pardon me, president bridges. i would like to amend the recommendation to include those two additional companies that i mentioned. i don't know if that requires that being specified in the motion. those two companie

carmen chu as served as the elected assessor since 2013. her efforts in the in performing the office and successfully reversing decades of old backlog, earned her office the prestigious 2020 good government award, an hon father recognizing the excellence in public sector management and stewardship. assessor chu has also recently taken on a new leadership role to co-chair the economic recovery task force, using her fiscal expertise to help san francisco through an unprecedented economic impact from covid-19 pandemic. on top of all of this, she is vice president of the california assessors' association, served on the employees retirement system board, overseeing the investments of $26 billion in public pension system and a little provides direction on the executive board of spur, a non-profit focused on developing regional solutions to cross-county challenges like housing affordability and climate resilience. in addition to all of these wonderful things, and all of these new roles, she has a new role as a mother. and is forever a public serva

commissioner chu? >> casciato, second. >> thank you, commissioner casciato. >> it has been moved and seconded that we adopt the recommendation for the board ... and the list of restricted companies identified in appendix b. madam secretary, please open the lines for public comment. >> thank you. callers, if you have not already done so, please press star 3 to be added to the queue. for those already on hold, please continue to wait until the system indicates you have been unmuted. moderators, do we have any callers on the line? >> madam secretary, there are no callers on the line. >> thank you. hearing no callers, public comment is now closed. >> thank you, madam secretary. again, it's been moved by commissioner chu and seconded by commissioner casciato, roll col, col -- roll call, please. >> pardon me, president bridges. i would like to amend the recommendation to include those two additional companies that i mentioned. i don't know if that requires that being specified in the motion. those two compan

master chu is in his own world now. and. he burns the signed papers trip and with the ash the water in the bucket turns into holy water. and. the bricks are meant to catch misfortune. in the station off the reach of the neighborhood. ok so i have to all whatever my my body asked me so hard for. my my body. wreck what i want to do. the singing bowl exudes positive energy. choose clients receive a paper figure which represents their unhappy selves. it's hard to grasp everything rationally but his client pamela long swears by it. actually i. saw. him believing that some ways that i can and will have some. trust and these. helps in some ways. step by step is to leave her streaks of bad luck behind the paper figure is about to be burned in a ring of fire so that none of the evil spirits can pursue her any longer. master doesn't wish to reveal how much she charges for this ritual but what does money matter if you can change someone's home life. itself. you can see. a lot. with all rod and you can see the. sun only. after a few day

henry chu, president trump's position has of course put covid right back front and centre, if it hadely. and also, just looking around the world, one remarkable figure that stuck out to me this past week or two is the fact that in india, which is now number two in terms of the total number of infections, it went from 3 million and 22 6 million in barely a month. now, that is a remarkable figure. some of that is due to greater testing, but just the fact that you can have that kind of a job, in so short a time, shows us that this current advice is not going away anytime soon, and we are indeed, in the northern hemisphere, moving into winter season and so there has been talk of what they call a twindemic, with the coronavirus but also the usual influenza season coming around. what is interesting is that some of the data coming up from southern hemisphere countries that have already gone through winter with the coronavirus and the flu, it is actually shown that in places like south africa and australia, flu incidents has actually been quite low, and thatis actually been quite low, and th

electric and is tesla having trouble in california it's all ahead, but we begin with the markets dom chuas the late for us. dom? >> it looks like we'll try that recovery trade from yesterday's late day selloff here. stocks are broadly higher and to a decent degree. 250-point gain for the dow about 1% upside. the s&p 500 still very much above that 3,400 area. that's an area that a lot of traders are looking at as a pattern of support there possibly for the markets up 1%, and the nasdaq, believe it or not, is underperforming, only up three-quarters of 1% as well so the nasdaq a key focus there. if you take a look at some of the things that traders are watching from a more macro perspective. interest rates, especially longer term ones are a very key focus here we don't show the 30-year long bond very often. we focus on the ten-year more but that move to the upside has taken that 30-year long bond beeld 1.592% above its longer term trend line or the 200-day average yield for that particular interest rate 1.52% is the level to watch there. that could have reverberations on the financial side

dom chu has more for us. dom? >> reporter: we've gone from modest gains to piece ent decent-sized losses in the span of an hour or so, coming on the heels of treasury secretary mnuchin basically cold a little bit of cold water on the deal of a stimulus package before the election we were down 31 at the lows so you can see cheating towards the lows of the day so far the nasdaq continues to be the real outperformer or underperformer, down 1%, and those stocks continue to be a huge focus a lot of attention being paid so far in the course of this year to the difference between growth stocks versus value stocks and the outperformance there we thought that over the course of the last month or so you might be seeing a little more activity in the value side of things beaten up energy, industrials, materials. well, it hasn't really played out that way over the course of the last month, you can see here growth stocks as measured by this etf up 5.5%, 1% for value so that kind of gap there has really yet to close it continues

more, and disney battles california before all that lets get the very latest on markets this hour dom chu joins us for that. dom? >> how many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a holding pattern that's what we'll call t.marginal losses in the s&p 500, dow and nasdaq, as you can see there. just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so that's what we're seeing in markets. one place where we're seeing a good amount of positivity today is in the internet-related names. social media specifically. check out this first trust dow jones internet etf ticker fdn is off the highs of the day, off two-thirds of 1% small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96%, and then it fell about 15% here and then up another 12% from there, so that's a move there for the social media stoc

so there goes carmen chu down the drain. so we are left with the economist who has -- i've been following him to are a long time -- for a long time and he did a very good job. now as an advocate, the department of environmental advocacy and have been for 40 years here in the city and county of san francisco, and i see that we have a lot of disparity in our various districts. where the small businesses have suffered and we really don't have a clear picture of how many small businesses have left san francisco forever. so the district supervisors have to be representative. they've not done their job. the mayor has a task force of about a hundred people who are all over the place. and we do not have an incident manager -- [bell ringing] -- or commander to really lead. we do not have one. so i'll leave you with those talks in the measly three minutes that i'm given. thank you very much. >> jonas: thank you. next caller. >> good afternoon, commissioners, cory smith on behalf of the housing action coalition. i want to thank directo

now the gentle lady from minnesota is recognized for five minutes. >> thank you so much, chairwoman chu. good morning everyone. chairwoman and ranking member i'm so grateful we're having this hearing today. this issue is incredibly important to me, the issue of fraud and improper payments in government waste. ... who still need that help. in improper payments are exactly why i introduced the payment integrity information act which i'm proud president trump signed into law earlier this year. it strengthens protections against improper payments and in federal programs. so, currently there are a number of resources and tools out there in the market to detect exactly the kind of fraudulent activity that seems to have gotten through. in fact, located right in my congressional district it has that kind of technology system. i have a question for you. do you feel at this stage that sba has the tools and funding as oversight as to be able to accelerate your efforts to prevent fraud and waste and if not, what specifically do you need from our subcommittee and the congress to put you in a better

chu from california. rep. chu: professor lederman, your testimony points to several instances where the irs limited staffing and resources undermines audits and tax compliance, which in turn attributes the tax gap. i can understand that, because in california, i was elected to california tax board. when we had oversight over tax compliance. and we also saw the largest contributors to the tax gap are the high income individuals president trump, who use the tax loopholes and complicated tax schemes to avoid paying their fair share. your testimony also looks at the recent congressional budget office estimates that increasing the irs' funding to investigate these high-income individuals would more than pay for itself. allowing the irs to effectively collect unpaid taxes from the wealthiest individuals. and by increasing the examinations and collections budget by $20 billion over 10 years, it would increase revenues by $61 billion. if it's increased by $40 million over 10 years, it would increase revenues by $103 m

i'm dominic chu. here is how stock futures are looking.ges are coming off yet another winning session, the dow jumping more than 250 points for its first four day winning streak since early september but the major outperformer as it has been for quite some time now has been the nasdaq. surging more than 2.5% as you see here, its best day since september 9. leading the charge, what else, apple soaring more than 6% on the day for its best single session since july 31. by the way on that day the stock closed up 10.5% because of a blowout earnings report. shares you can see solidly higher i would note though that apple has been underperforming since its hit its record highs earlier this year. the stellar day comes ahead of the company's very highly anticipated h anticipated hardware unveil event today. and argen, is it going to be 5g and how important is it for apple? >> well, that is certainly the focus here the event is tag lined high speed, and analysts are expecting four new iphones to be unveiled an iphone mini, iphone 12, 12 pro and 12 p

you are watching "worldwide exchange" here on cnbc >>> good morning, i'm dominic chu in for brian sullivan. we begin with stock futures pointing to a possible turnaround with the dow kit e indicated high, 175 to the up side, s&p up by 27 and nasdaq up by 125 the dow and s&p are coming off their first single day performances since june 11 the blue chip index seeing its fourth done day wn kaday in a re late february. since the selling began on friday, the dow has shed a total of 1843 points, roughly 6.5% it is on pace for its worst monthly performance since march. and it wasn't just the dow big technology also taking it on the chin over the past couple of days take a look at facebook, alphab alphabet, apple, tesla, and more together losing some $270 billion in market value just since tuesday alone. all of this coming as the u.s. reporting its highest number of coronavirus cases in one single day, the case count yesterday, 80,662 we have team coverage to start your thursday morning. here covering everything you need to know from around the world, matt taylor has the overnight trade from asia

esther chu, from oregon health and sciences university. thank you. >> nice to be here, shep. here, >> doctor, cases are spiking, hospitalizations are up. are hospitals and medical professional prepared for the surge, can the system handle it? >> well, there's going to be a bit of an unknown factor here, but we have good news, and then maybe concerning news. the good news is we prepared all spring preparing for this. there were some projections that had us way over baseline capacity, so we spent much of the spring and early summer building in extra capacity transforming our spaces so we can accommodate many more people and creating protocols and procedures so we were equippeddl to handle all kinds of surge in patients, while also keeping staff and patients safe from contracting the disease. we're in a totally differentn tn situation than in the fall, in that we've invested a lot of time and resources to be prepared for almost anything i think the issue is we're headed into covid colliding with influenza, and we can't estimate how much that collision will cost us.t estimate how

chu: the lady's time has expired. the chair recognizes the congressman from michigan for five minutes. >> thank you, madam chair. thank you to the chairman for organizing this important hearing, which comes at an important time. i have a couple questions to get into, but before that i want to give mr. patterson an opportunity to clarify, i think the way that his statement around flexibility may have been interpreted. i assume, mr. patterson, that you would agree that the flexibility granted to the states is the flexibility that would build upon the existing protectional foundation of the aca, not flexibility to get away from those? is that a more fair characterization of what you articulated? mr. patterson: -- i'm sorry, i was on mute. the flexibility within the congress -- within the affordable care act to the best of our ability in the state. >> not flexibility to undermine the foundational characteristics of the aca. i think flexibility can be interpreted different ways, and i took from one member that he may have

dom chu has that for us. >> we've been on either side of the unchanged line we'll call these markets stable. we've seen some fractional gains and losses fractionally to the down side. a quarter percent to the down side for the dow the s&p off a third of a percent. similar moving for the nasdaq composite. key level to watch for the nasdaq, 3401 at the highs of the day, we were up 19 in the s&p and down 18 at the lows a good amount of symmetry with regard to the trading range today. >>> a hot part of the market is the cloud computing industry this etf, ticker clou, has been a massive upside mover up another 1% today. record highs for this etf and again since the pant lows we'p lows, we're talking about a 116% gain one other place to watch in terms of the stock, l brands, price target upgrade by analysts at jpmorgan, that stock was given up for dead quite a time ago. up 87% almost a two-year high this is victoria's secret, bath & body works, this stock has not been good for some time, but still very much off the record highs from years ago kelly, back over to you. >> still one of the mo

i'm dominic chu. check out shares of boeing, one of the biggest losers, down more than 2% as it says the pandemic will hurt aircraft sales for the next decade. american airlines delaying boeing 737 max pilot training as it awaits the faa to recertify the plane. and the reopening trade is reactivated on some of the positive vaccine headlines that kelly just mentioned on air and then of course the energy trade on fire right now, one of the best performing sectors as crude oil jumps, now up 9% in just the past two days. watch those trades, the energy sector, very, very much on the up side there. kelly, i'll send things back over to you. >> all right, dom. good to have you along, sir. shares of the big tech company are lower across the board as they face the prospect of increased regulation from congress apple, which just removed rival company speakers and earphones down 1.2% today, facebook, amazon dropping as well. let's bring in ylan mui for more >> the backlash used to be bipartisan, now not so much.

let's go to dominic chu with big movers. >> i have taken over tyler's spot at the telustrator. i will show you because tyler told us about the whiplash we've seen on the headlines. the markets are largely pricing in a lot of nothing right now. we were marginally lower, marginally higher at one point, and now we're mixed across the board. dow industrials off 30 points. the s&p 500 up 0.1 of 1% or four handles and nasdaq composite outperforming, up 13 basis points to be specific there. 3446 the last level for the s&p 500. if you take a look at some of the big story lines we are following so for today, check out what's happening now with netflix shares one of the biggest losses we've seen that stock in a while. down about 7%. netflix coming off an earnings report that was disappointing for many investors out there, some of the subscriber growth numbers perhaps lagging expectations those shares, we've seen a nice rollover here. we'll see if that can find some kind of abatement with the netflix down moves on the flip side, a social media name not nearly as big as netflix but a eye-c

i'm dominic chu. real estate, financials in the green as well. technology stocks, though, the worst performing sector in the s&p 500. on the dow you've got walgreens, the best performer after its earnings report this morning the company expecting 2021 profit growth despite the pandemic worst performer, it is vertech pharmaceutical kelly, i'll send things back over to you. >> thank you very much stocks well off their worst levels of the day. no stimulus, jobless claims higher so are covid cases earnings may be the only hope. to bob pisani for more on that bob. >> and, kelly, we're near the highs for the day but there are re-opening worries out there if you look at the markets you can see that's all the travel stocks are weak again so the airlines, expedia, weak, even work from home stuff like ebay, salesforce, same thing mastercard and visa and american express have been essentially down all week. megacap down today they're up for the week but only up on monday other than that all the megacaps down, tuesday, wednesday and thursday what's the probl

watching "worldwide exchange" right here on cnbc ♪ ♪ >>> good morning welcome to the show i'm dominic chuking off your monday morning with stock futures pointing towards losses right now. as you can see the implied open for the dow is roughly 308 points to the downside s&p is implied lower by about 39 and the nasdaq down by 129 points if these futures holds into the opening bell for regular cash equities trading the major averages coming off their first down week in the last three the nasdaq taking it the hardest with more than 1% loss on that side of things on the flip side, you've got the russell 2,000 small caps continuing its run higher. seeing third positive week in the last four. the dow transportation stocks, by the way, just 1% away from an all-time high. crude oil also making a sharp move lower today as you can see here, ice brent crude, off 2.5%. $40.73 wti crude 38.80 downside here. so those moves ones to watch as well on an otherwise down day happening overall. all of this as we brace for a very busy week ahead of earnings season starting in earnings busiest week of the quarte

thank you so much for calling in i know we're going to be talking to you a lot in the days ahead dom chu looking it the leaders and the laggards here. >> we're going to put some numbers and charts behind this if you take a look at the s&p 500, we are down by about 3% so not exactly a great month overall for stocks have you seen that more precipitous move in just the last week or so here if you take a look if he sectors outperforming overall, you look at the thematic elements of play for utilities. meanwhile, communication services has outperformed, and material stocks down by about 1%s are still an outperformer against the s&p down at least 3% as 4, the laggards, we talk about the covid trade, energy crisis meanwhile technology stobs, big tech taking that huge hammering down about 5% and health care down is financials but the people who have better performed witness financials, those are the banks, both up between 12 and 14% at this stage, a nice move higher just in the month of october. it may play out a little bit more if scott, gang, we start to see the yield difference continue to st

you're watching world wide exchange >>> good morning, i'm dominic chu in for brian sullivan. let's get right to how the money and the markets are shaping up right now as you have been seeing in the corner of your screen, stock futures are indicating a lower open, right now the dowism app isdow implie nearly 400 points. s&p by about 49. and the nasdaq lower by 220. we'll get in to that more. stocks are looking to cap off what has been an incredibly turbulent week the three major indices are now done between 3% and nearly 6% so far in just that short time span alone. it is also the last trading day of the month and october proving to be a tough one for investors. the dow down nearly 4%, the s&p down 1.5%. and the nasdaq with a fractional gain, although we know the nasdaq could be implied much lower this morning again, it is all about big technology shares of apple, amazon, facebook, twitter, all in the red this morning following earnings, alphabet the parent company of google, the only tech giant as you see he seeire seei some gains, a realut yesterd yesterday. and let's go to

i bring in dominic chu. let's talk about the big gdp number, record gains after record losses but still not out of the hole. what is behind the numbers? >> like you said, big drop, big bounce back. things didn't get so bad during the months of april, may and june. some of the biggest driving forces behind the sharp rebound in u.s. economic activity came because consumers started to spend a little bit more. people had decided to maybe possibly look for new homes outside of large urban areas and if they didn't move many tried to improve their homes, put projects in place, tried to better what they already had, all of that with spent money. consumers were cautious but started to spend as the economic lockdowns eased and that's important, because consumer spending makes up over two-thirds of the u.s. economy but a huge concern here is whether or not that kind of spending momentum can continue. what was noticeable for many economists and policymakers was the slowing of government spending, as many aspects of that

all ahead of us, but we do begin with the markets and dom chu is watching that for us. >> solidly in the green, looking to cap off a pretty nice week overall but one with volatility. the dow industrials were up over 100 points, up 165 now right there are some questions circulating around about whether or not there's enough support within congress to actually pass this proposed legislation for covid relief, even up to that $1.8 billion by president trump so the dow industrials up off their highs and the s&p off their 3,400 mark here, up almost 1% and the nasdaq outperforming as well. we'll get into why the nasdaq is outperforming with some of the elements coming out sector-wise and industry-wise because there are groups hitting record highs today. check out what's happening with home construction. so far this year up 34%. retail is up about 19% and 32% gains for the semiconductors all of these guys here have hit record intraday levels for these particular etfs. is that reflation or a cyclical focus on the economy that could be one of the reasons why and specifically for that semicondu

. ♪ viva las vegas >>> good morning i'm dominic chu in for brian sullivan today.'s begin with stock futures right now showing relative stability after big losses yesterday. you can see here the s&p implied higher by just about seven points the dow implied higher by 37 and the nasdaq by 36 not large gains by any measure implied. however, after yesterday's losses they could be viewed as somewhat stable. a closer look at the dow futures over the past 12 hours we're well off our session highs as you can see here and just a hair below the lows of the level we saw in the overnight session as you can see here, still, 32 points for the dow futures at this stage. >>> the major averages are coming off their worst day in weeks. the dow shedding some 650 points for its big u.s. one-day drop since september 3rd. the move erasing all of its gains for the entire month of october. we're now below the 28,000 mark for the dow for the first time since october 6th. now, those sharp moves lower as well for the dow transportation index, the russell 2,000 small cap index, both seeing th

in any government it should be based upon merit merritt that's what betty tom chu said cleared the way for her to have a solid college education and successful career as a first woman of chinese descent to be the chief executive officer for bank. >>she also founded the first nationwide chinese controlled savings bank in the u.s. after working her way through law school. she argued pop 16 would give some groups like blacks and hispanics, an unfair advantage in education and employment the numbers and public employment is higher with reference to black employment in the public sector, those numbers are very distorted with reference to the asian population when we hear that argument of like if we pass affirmative actions. these on paula fights and second any one we need to talk about where that's coming from a lot of anti blackness and racism in a lot of communities prop 16 supporter victoria dominguez said leveling the playing field by ensuring fairness a country that isn't race blind is necessary since it doesn't allow for preference simply traditional consideration for all races, inclu

. >> congresswoman chu plans to hold another meeting soon to make sure the agency is listening to the inspector general's warnings.>> despite warnings of major fraud, as of october 1 the sba had not initiated any loan reviews. that is according to the inspector general. >>> starting friday more businesses will be able to reopen for indoor service in alameda county. that includes restaurants, houses of worship, movie theaters and gyms. those businesses will all be able to operate at 25% capacity and must adhere to covid-19 guidelines such as facemasks and social distancing. in san jose the city will begin to reopen over 290 playgrounds and outdoor facilities. officials say it will happen in phases beginning on friday. for a full list of what is open in your county had to kpix.com. >>> a catholic high school in marin county is suspending in person learning for at least the next two weeks. the news comes after officials at marin catholic high school discovered that there was at least one large student party in several sleepovers. so far no one has tested positive for the coronavirus but

that's especially true in football particular chu mention had made history with their promotion to the 3rd division for kids who are just one of hundreds of clubs founded by immigrants throughout germany these teams serve as backbones and community centers for micra and minority groups throughout the country to q.q. means turkish power and the club's identity is super thin and hockey basically personifies the club having 1st gone to a match at just 5 he's also got a wonderfully unique x. this is a. symbol. to the right of the turkish it's not just an important touchstone for fans the club's identity also appeals to players though there's been so much change lately midfielder who not too since their longest serving player at just 2 seasons. he's been. this is i'm. not so on. he's coming so i know. it's possible he defaults founded in 1975 tricky 2 are rooted in unix turkish community players used to be almost exclusively turkish or turkish german in recent years the squad has become much more international signifying a shift in club culture so after q 2 traded their identity for success

chu:. -- thank you. mr. patterson, i would like to ask you about the wonderful work colorado has done on its family planning program thanks to a grant. expando was able to access to contraceptives for young people, including the long-lasting iud. investment, the birthrate for girls ages 15 to 19 dropped by more than half, falling 59% from 2009 to 2017, and the abortion rate amongst colorado teens fell 60% in those years. these are remarkable statistics. however, if the aca were struck ben, patients would again required to pay for contraceptives and family-planning care, and that could be thousands of dollars. for young people, the cost can be a barrier to accessing the health care that they need. so, mr. patterson, how would losing the services of the aca impact family-planning in colorado? would losing this benefit increase costs for patients in the state? mr. patterson: thank you, congresswoman. you are going back to my time with the governor's office, but one of the things we were proud of back then was t

dom chu back at headquarters. >>> let's check in on yields which are also moving lower, no vice, but the ten-year sliding well off its recent highs. let's check in with rick santelli who is out in chicago with more on that for us rick >> reporter: you know, kelly, there's many ways to look at this t.yes, we've had four sessions of yields moving lower, today it's kind of a wash. today the treasuries are virtually unchanged and if you look at at intraday of ten that's 74 basis points, a low we haven't seen since the 16th of object, and if youlook at mont to date, we're not so bad off when you compare it to the next chart month to date. this is bund yields. as a matter of fact, you have to zoom backwards to march to see exactly how much pressure there is in bund yields, and the reason i'm framing it that way is one would think given the equity moves, globally, domestically, germany shutting down certain industries, we would see a larger effect, but we are not, and i think one of the big reasons we aren't are the following two charts here's an atlanta gdp now starting in may, and you can

i'm dominick chu. the markets largely shrug off the recent headlines around president trump's health and the fight over a new coronavirus stimulus package from washington, d.c. stocks are coming off a positive week with the dow back in positive territory for the year while the nasdaq and s&p 500 had their best week since july. in focus this week on the economic front we have data on inflation and retail sales, also earnings season kicks off over the next few days with reports from the big banks like jpmorgan, chase and citigroup. >>> a tiktok rival is eyeing a possible deal. triler is looking to capitalize on troubles. the trump administration ordered the chinese parent company to sell the popular app and tiktok is suing the u.s. government to stave off a ban from u.s. app stores. triller was launched in to haven versus tiktok's 100 million, and that's just in the u.s. alone. its users include alicia keys and cardi b. >>> and apple is starting to ship products directly from its retail stores in order t

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carmen chu as served as the elected assessor since 2013. her efforts in the in performing the office and successfully reversing decades of old backlog, earned her office the prestigious 2020 good government award, an hon father recognizing the excellence in public sector management and stewardship. assessor chu has also recently taken on a new leadership role to co-chair the economic recovery task force, using her fiscal expertise to help san francisco through an unprecedented economic impact from covid-19 pandemic. on top of all of this, she is vice president of the california assessors' association, served on the employees retirement system board, overseeing the investments of $26 billion in public pension system and a little provides direction on the executive board of spur, a non-profit focused on developing regional solutions to cross-county challenges like housing affordability and climate resilience. in addition to all of these wonderful things, and all of these new roles, she has a new role as a mother. and is forever a public serva