as you might remember from devious visitation, direct the previous, lennar will -- as a result of the change in design. [reading notes] [reading notes] as i mentioned, the two blocks would be developed and are designed to operate as one project to get since they have different dimensions and because block 54 is a significantly smaller site. for this reason it makes sense to cluster community management and services functions in the larger building a block 52. which allows the building layout on block 54 to be as efficient as possible while providing for the important functions and shared bases necessary to serve the residents. both locks will include open air lobbies, laundry lounges. block 52 will have a large community room with a kitchen, a fitness room, tenant services offices and a conference room along with property manager offices get here's a quick summary of the contract and compliant to date to professional services to get the project is at 87% small business enterprise, of that 81% are san francisco-based, 25.7% are women-owned businesses and 6.5% are minority owned busines

talks yes 102 years old and still teaching the poor only for lennar may open the file and find out why his life is still going so swimmingly at such an advanced age. i'm sumi so misconduct thank you for joining us it's being called an explosive announcement british prime minister boris johnson says his government will shut down parliament until 2 weeks before britain's exit from the european union a plan now for october 31st opponents call the move undemocratic saying it will give lawmakers less time to potentially pass legislation to stop a no deal bragg said but johnson says the suspension is justified as i said on the steps of st we're not going to wait until october the 31st before getting on with opera. it's to take this country forward and to do that we need new legislation we've got to be bringing forward new and important bills and that's why we are going to have a queen speech and we're going to do it on october the 14th and we've got to move ahead now with a new legislative program. is very good math is in london with the latest cyber get what does this all mean. it sure is a

department of public being paid for by the developer saying they don't have anything to worry about, by lennar? the people that suffer in the neighborhood from cancer. there's been no independent testing of that? why hasn't the city done independent testing? why hasn't the navy? you know why? they're not interested in it because they're part of the corruption and development process that he ago going on. that is really what's behind this. the profiteering and development and politicians who were paid off by the developers to make this project go forward on a radio active dump, it's insane, it's criminal, and the people behind it should be prosecuted and investigated, and they will be. and those people and this board who approve this and cover it up are going to be held personally responsible, as well, because you have this information. even the san francisco chronicle reported that aimee brownell had been selling homes when she was working for the department of public health in san francisco. >> thank you, mr. seltzer. is there any other public comment? seeing none, i will close public comment

lennar is name i've been following for awhile it's at the $50 price range. so this is the make or break price. so if you buy it now, use that $50 as your bull/bear barometer. what we hear from home depot lumber deflation that's bullish the rates are going which way? lower. bullish for the builders, as well the last couple of days we talked about a recession but yet the home builders enter green on the screen stayed long in the complex. >> do you need rates to keep going down >> no you don't. i think the set up fundament they have been did pressed the builders even with lennarup 30% it's been a conception depression i believe the stocks can rally aggressively. >> i believe it's at a new high today. obviously they're working. you're talking about about a 2% cushion to that $50 point of lennar i want you to weigh in on ge since you picked it. obviously allegations out there the stock has struck we've had, i mean, ge is a expensive option so when you look at the other allegations -- exactly this is always going to be susceptible to huge price swings i'm still lo

goes bust, but horton is the economy domestic company that makes the most homes that's the economy lennaren trying to get lennar to come on it is almost at the 52 week high why do the companies not matter in the equation? i don't know i think they're very important toll has come back toll is up for the year. these companies are doing very well 10% of our economy is housing. and frankly it punches above its own weight one thing that is -- i mentioned wells. it has become like the old national lampoon, which is, you know, is franco still dead where is the ceo of wells fargo? where is the ceo how many -- this is like intel when they finally got swann. does nobody want that? i'll take it i will run wells don't think that last year -- >> already going to be fed chair. >> nobody is running wells now why can't i run wells as well -- i don't know, carl wells is a big -- yield is 4.4 doesn't have -- they got to pick a ceo soon >> it has been a drawnout succession process. >> maybe somebody from another industry, like greg creed. >> here is bamle on the 210 inversion, if it happens looking at ten i

horton and lennar because they have starter homes. you can stick with beverage and i'm thinking about coca-cola remember, though, there is no hurry. take your time don't try to be a hero need to buy small to start and then again, and again and let's see what happens stick with cramer. >>> brutal for the averages, all three suffering the worst declines from 2019 panic isn't a strategy i got your back. i'm opening the phone lines to help you navigate the sell off and best position your portfolio. we have seen far worse than this let's start with john in colorado, john >> caller: hey, jim, boo-yah, thanks for taking my call. >> thrilled to have you. >> caller: rough day today but i'm hopeful. here is my question, i got into squarer earlier this spring to hold it for a long time, i held through june when it hit 60 so instead of dumping, i picked up more following the earnings last week thinking i was getting a bargain. i do like their leadership and where they are going with their cash app business but with the market really freaking out,

usually results in falling mortgage rates and benefits the builders look at these stocks dr horton, lennarcause of falling mortgage rates. the average rate on the 30-year fixed was up over 5% last november then it began falling to start the year that's when the builder stocks took off it's well below 4% builders reported stronger orders this spring what's next? low rates but high fear over a potential recession. i interviewed ivy zellman yesterday, she said the market swings we're seeing now will only affect higher-end home buyers i spoke to the ceo of kb home last week, he said while lower rates help, consumer confidence moves sales more than rates. confidence in housing is high now, but if there are more signs of a recession, it could take a hit. >> thank you very much >>> when we return, let's look at yesterday's selloff and the market's response today. we'll talk about the breaking news out of china put pressures on the futures once again this morning. we were up about 100 points before we heard from beijing and it's retaliatory tactics now you're looking at the dow futures indicating