and former fed insider dannielle de martino booth danielle let's start with you federal reserve chairman powell he tried to avoid sounding rather hawkish in any way on wednesday afternoon after the fed commitment to to its easing policies particularly when it came to bond buying program how is the market reacting to the latest comments from the fed. well you know i think on a day like today it's very difficult to tease out how the market reacted to the fed markets did close down lower than they were before chair powell came to the podium but he was extremely careful and measured in saying when he was pointedly asked you know how will you taper when the time comes he gave constant pushback that this was not the appropriate time to even begin to have the discussion of what that exit might look like that the fed knows what to do when the time comes but again that right now is simply not the time to open this discussion i think he was definitely trying to call my markets down and emphasize that there is a lot of scarring that has been done in the in the economy and that it will take a lot of

here with me now anthony khan and daniel decan martino booth. demartino. stock market is looking at all of the stimulus money coming in. are we just too stagnant on wall street? >> charles, there's a lot of stuff going on, as you can see, but i just finished some exciting research that that actually finds when we leave a recession, and i think we clearly left a recession in 2020, we will see a big bounceback the year after. in fact, what my research finds is when the s&p 500 goes up less than 23% in the year we're leaving a recession, the next year you get a double-digit rate of return in the s&p 500. and last year we got a return that was below that. so i expect at least a 15% rate of return. we do have a lot of turbulence out there politically, but outside of that the fundamentals suggest that as the economy leaves the recession and we improve and the vaccine, of course, in the driver's seat here and we get that onboard, we should have a double-digit rate of return in 2023 from the equity markets. charles: you know, dan yell, it's hard to argue at least

martino's brother christiane schneider is the managing director he's especially keen on the idea of self driving buses and he's been considering purchasing 2 or 3 of these buses they can operate with or without a driver this small and economical and each person could travel a different route. every bone below the concept is always going to need to be updated unmodified we're putting a lot of thought into what the future. i look like it's. self driving buses might be the wave of the future but this now does need a quick isolation and nearby company recently started offering its workforce a carpooling service using mini buses every morning jeff did call him and collect his colleagues and after work he drives them home in the evenings and on weekends the minibus is available as part of a car sharing scheme open to the public. from a one but your business for right. more our 9 seats and 9 of us before we leave my place at 630 so. people can now leave their cars at home. for the schneider company it's a promising idea they could use more mini buses in the winter and fewer in the summer it wou

martino's rather christiane schneider is the managing director he's especially keen on the idea of self driving buses and he's been considering purchasing 2 or 3 of these buses they can operate with or without a driver this small and economical and each bus could travel a different route. every concept is always going to need to be updated and modified we're putting a lot of thought into what the future might look like. self driving buses might be the wave of the future but this night is need a quick a solution a nearby company recently started offering its workforce a carpooling service using mini buses every morning jeff did call in one collects his colleagues and after work he drives them home in the evenings and on weekends. bus is available as part of a car sharing scheme open to the public. from your venice full right. where are 9 seats and 9 of us before we leave my place at 630 so. people can now leave their cars at home. for the night accompany it's a promising idea they could use more mini buses in the winter and few in the summer it would be a good supplement to the commuting

to bring back staff and secure supplies, but down the street at another high-end restaurant, owner martino to grundy says weather is not a factor. >> we are blessed that we have a patio, in the rear of the restaurant on commercial alley, but i can socially distance for tables. >> reporter: it is kind of a porch that sits out of the rain, but rules allow only six people at any one table. the plan is to create an intimate space and not a part space. >> don't be deterred by the rain, go outside, visit your favorite restaurants in the rain. why not? it's fun. i don't know. what you going to do? >> reporter: in sentences go, don ford, kpix 5. >>> now at 6:00 on kpix 5 and streaming on cbsn bay area, we are tracking more action from this atmospheric river. we are live in the community is getting hit the hardest. >>> another nervous night in the santa cruz mountains, the warning for people who left as the rain keeps coming. >>> parts of the bay area dealing with the snow. good evening, i am elizabeth cook. >> i'm allen martin in, get right to storm coverage. much of the south bay getting hit hard

martino's brother christiane schneider is the managing director he's especially keen on the idea of self driving buses and he's been considering purchasing 2 or 3 of these basses they can operate with or without a driver this small and economical and each person could travel a different route. the concept is always going to need to be updated and modified we're putting a lot of thought into what the future might look like. self driving buses might be the wave of the future but the schneiders need a quick a solution a nearby company recently started offering its workforce a carpooling service using mini buses every morning jeff did call him on collects his colleagues and after work he drives them home in the evenings and on weekends. buses available as part of a car sharing scheme open to the public. are common but you're venice for right. more our 9 seats and 9 of us before we leave my place at 630 so. people can now leave their cars at home. for the night a company it's a promising idea they could use more mini buses in the winter and fewer in the summer it would be a good supplement to

clean energy manufacturing and so much more that's going to create millions of good paying jobs martino's worker power means not just protecting the right to unionize but encouraging unionization collect the bargain the fair labor standards act way back didn't say then just say you could have used as said the government should encourage it the formation of unions it also means protecting pensions ensuring worker safety increasing the minimum wage ensuring workers are paid for the overtime they've earned like we fought for in the obama biden ministration that this administration is weak in making sure that we have a trade policy where for every decision we make unions are at the table focused on winning good jobs for american workers this is one of the most important departments to me i trust merrill's and i'm honored he accepted but i also want to say i did give serious consideration of nominating my friend bernie sanders to this position i'm confident he could have done and could have done a fantastic job i giving him no more passionate devoted ally the working people in this country but

. >> my granddaughter, my eldest granddaughter's father is an ex-soccer pro, kyle martino.floss to a soccer ball, put it around her tooth and kicked it and it worked but then guess what the downside of that is. where's the tooth? >> jimmy: yeah, the tooth is gone completely >> yeah, you can't find the tooth. so the second one they did a a better job and she kicked the ball herself and they managed to keep an eye on the tooth. but it started a whole tradition. >> jimmy: you. >> that i think only a soccer pro -- >> jimmy: kicking your own teeth out. >> footballer would think to do >> jimmy: i'm always happy to see you and i've actually been seeing you recently pop up online with these paparazzi shots. i don't know if you know what i'm talking about. you're walking -- you take walks with jessica lange apparently around new york city there it is. we have a photo. that's you and jessica lange then there's photos of you, like, helping people, like, helping people cross the street and all these nice good samaritan things and people are saying online that they think that you guys a

martino's brother cars tension i don't know is the managing director he's especially keen on the idea of self driving buses and he's been considering purchasing 2 or 3 of these buses they can operate with or without a driver this small and economical and each person could travel a different route. every concept is always going to need to be updated and modified we're putting a lot of thought into what the future. it look like it's. self driving buses might be the wave of the future but this now does need a quick a solution a nearby company recently started offering its workforce a carpooling service using mini buses every morning jeff did call him and collect his colleagues and after work he drives them home in the evenings and on weekends the minibus is available as part of a car sharing scheme open to the public. but your business for right. more are 9 seats and 9 of us before we leave my place at 630 so. people can now leave their cars at home. for the night a company it's a promising idea they could use more mini buses in the winter and few in the summer it would be a good supplem

danielle martino booth has been warning about it. looking at the stimulus plan, it is a given we will see spending given markets generally today notwithstanding but in this case it will be more spending combined with higher taxes that could wallop that going back to 28%, not that 35% it was before donald trump cut the taxes, still $11 billion more for banks in the aggregate. it will be tough to swallow. >> it is. we have to bear in mind the stock market has been on a tear for years now. a lot of the earnings momentum going forward is predicated on corporate taxes not rising. when the obama administration after the great financial crisis started it was unseemly at the time, inappropriate given the fragility of the economy to talk about raising taxes and yet here we are today. with three months of negative retail sales with 1.4 million americans, pandemic and employment assistance and regular state claims claiming unemployment insurance benefits for the first time. it seems like it is the wrong time to be discussing raising taxes. we w

jedediah: joining me now owner of san martino restaurant. welcome to the show.all. you looked so excited. before i get to the call, give viewers insight what your struggle has been like over the pandemic the last nine months, what it has done for your business. give us clarity on that. >> good morning. thank you for having me on. yeah it's been a tough nine months. you know we've been here 45 years and this is definitely the worst year we've ever had. since march we were ordered to shut down indoor dining. we were able to do take-out, delivery but obviously not enough to sustain us. so we've been struggling. we kept our staff. we paid everybody, best we could and tried to stay in business but the bills keep piling up and, you know, it is getting harder and harder. we are allowed now to open up indoors at the limited capacity but a lot of people are tell not ready to come out and dine you know. so we, it's tough. we, are a little bit hard to stay in business. so when we heard about dave's fund-raising we applied and thank god that he came through for us. jedediah