so we analyzed our prepandemic rooirpz that is different than the travel b.a.the pandemic we realigned our services one year ago and the results are paying off we'll rolled out a schedule and make head ways and sorlgd shortened the trains and those trains run even 10 minutes and seeing an increase in ridership and delays are down and passengers are up and this saves us $90 million and we are looking at for safety and thank you to the sfmta for the support in providing funds for our new fair gate as you can see and many of you have seen they're in and working i believe we completed 24 street and know that presence equals safety and i'm if i had bart's presence throughout the system and doubled officers on the trains that includes the city and the helping people in need with support services. we also heard from riders and our employees are prioritizing overnight in cars and scrub cruise hitting the busiest stations we have trained safer riertsdz every month and those surveys are showing improvements in passenger ratings and for stations and train cleanliness and

not sharply lower than prepandemic, but far from good enough.ot enough to eradicate world poverty, nor to create the number of jobs we require, nor to generate the tax revenues that governments need to service the heavy debt loads while attending to vast investment needs, including for the green transition. this picture is made more troubling by high and rising public debt. way higher than before the pandemic. even after the brief but significant fall in debt to g.d.p. as inflation lifted tphoplal g.d.p. -- nominal g.d.p. do please notice the shaded area on this chart. what it shows is that in severe but plausible adverse scenario, that could climb some 20 percentage points of g.d.p. above our baseline. what does it mean for fiscal space? to answer this question let's look at the share of government revenue consumed by interest payments. this is where high debt, high interest rates, and low growth come together. because it is growth that generates the revenue governments need to function and invest. as that increases, fiscal space contracts. dis

now back to its prepandemic highs. the question of course is what is ahead? let's ask the chart master, carter, what do ual's charts suggest. >> thank you, so, i can answer the question right away. i think maybe you take some profits here, but before we do, let's look at the whole space and work backwards. we might have some charts. the first is looking at the new york stock exchange arca airline index. and that goes back to 1994-1995. and you'll note, of course, that it is the exact same level it was some 30 years ago. so, this is a trading vehicle. and the question is, is it a time to be longer or short if one is a trader? i think it's time to be long. and hence the arrow depicted. now, if you look at the chart of ual, where as the index has not moved out of that well defined formation, ual has exploded, right? it was 37 in its august low, it's up almost 100%. that's the very definition of an overbought condition. and if you look at the next chart, you'll see a price or lay or the that depicts, that's rsi, looking on that five-year chart, it's a bit much. i

with that alone we are likely to not only reach our prepandemic higher average growth, but even potentially exceed it. yet what we need is, we need regulatory and ethical kouls that are global. why global? a.i. is borderless. it's already on smart phones everywhere. i have a question for you, how many of you have chatgpt on your phones? raise your hand. how many of you don't have it? ok. there is some way to go. but it is not going away. this technology is not going away. those of you who have not raised your hands. go ahead, catch up. bottom line is that there are areas where we need to work together. sometimes we need to relearn to work together. and we at the i.m.f., we are born from this basic idea, pull resources, everybody's better off. we have a role to play. andrea has already mentioned in my first term it was anything but boring. it was a really hard time. and we had done a lot. we have injected historically high liquidity, you mentioned this number, more important than the money, we kept our membership together so they can synchronize policy action at the time of very high uncerta

. >> while business owners say they're not quite to prepandemic levels of service yet, he says the data shows events like these are bringing people back to san francisco. >> the chamber of commerce has a data dashboard on sf chamber .com, which actually shows you like open table reservations, spiking and pedestrian traffic on the sidewalks, rising. so there's certainly indications that things are getting much better. >> today's nightmare on front street goes until 10:00 tonight. their next event is already set for mid-december in san francisco. lena howland, abc seven news. >> in the south bay today, san jose firefighters distributed thousands of glow necklaces to schools to help trick or treaters be more visible tonight. they kicked off the giveaway at santee elementary school on audubon drive. san jose firefighters bought more than 3000 glow necklaces this year. and amazon owned zoox is moving forward with plans to start offering rides in its self-driving vehicles. the company's co-founder made the announcement yesterday. he said the rides will start very soon in san francisco's south

because the number of seats on airplanes coming to hong kong have not come back to prepandemic levels. in fact seats on airplanes servicing hong kong from and to the united states are down about 34% from that peak of tourism in 2018. to europe and from europe, down 41%. so somehow, you know, those airlines need to see demand pick up first. so it's a chicken and egg situation for hong kong right now. things that will help. stimulus from china and the tourists coming from china. year to date through august we have had 23 million visitors to hong kong. but 21 million of those are from mainland china. they want to boost those numbers coming from further afield. but again people coming from china are a help obviously. also what is helping is the fed pivoting to an easing cycle on rates because of the hong kong dollar pegged to the u.s. dollar. that could give a little bit of financial easing of pressure that hong kong is facing. but again they need some long-term structural policies to bat they will structural changes going on in this city. haslinda: just to be sure, steve, it's coldplay -

people understand that inflation has come down after prepandemic level. about the bipartisan border bill that donald trump sank earlier this year. i spoke to chris murphy one of the legislators responsible. one of the teams that negotiated putting the bills together on my podcast why is this happening. we talked about what the bill had. the good, the bad, the ugly. and just how close murphy and the republican party came to getting the thing passed. >> there were many moments where i thought this is all intentional. republicans picked the issue of immigration as the hill to die on. because they knew we couldn't get an agreement and they would be an excuse on why they countered. by the time we had gotten the bill done and had done the hard work of we thought building about 20 republican senators who were going to support it. yes i did believe that saturday, sunday when we unveiled the bill that we were actually going to pass it. because mcconnell was in the room for all of it. his people negotiated the bill. as we were ready to release it on sunday night we

the to prepandemic levels. of course, we're not going to stop there. again, we want to continue to do the work so that we can get as close to zero as possible. she says dozens of new cameras are already leading to a spike in arrests. we also talked about oakland's recent efforts to reduce large encampments, calling it a matter of safety. i've issued an executive order and really putting kids at the forefront. we're going to get people off sidewalks, you know, out of parks if they're near businesses or residential within 50ft, we're going to remove them. you know, if they're using critical infrastructure such as electricity out on the streets or underneath or overpasses, we have to remove them because this is going to cause a larger danger for the public at large. the mayor also adds the recent grants past supreme court decision is allowing her office to move more quickly in clearing camps following a devastating flood. leaders are taking action to protect pajaro residents. later today, a groundbreaking ceremony for the pajaro river flood risk managemen

they don't have that prepandemic -- sorry, immediate post pandemic type of revenues and demand beforeiminal in this kind of market environment. so what about disney speaking of underperforming. they are saying they plan to replace iger in 2026 and gorman will replace the current chairman of the board next year. are you a buyer here >> so, yeah, i am a buyer here for the long term. this is a company that has been down about 60% over the last three years. they're finally up high single digits they have multiple lines of revenue potential, streaming, espn, hulu, strong ip, great movies coming out, and this is the house of the mouse people like it i think this will be a turnaround story in the years to come trying to catch up with netflix and tightening up shop >> sylvia, thank you >>> crypto contributions, pacs are shelling out millions in political donation this is election cycle we'll tell you whothey're putting their money behind next. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we k

. >> oh, great so, yeah this has been a long road we started prepandemic and this give you a little bit of background we been here before and i think everyone was on board with the gift and location we had legal complexities with the - i think through that adversity a more appropriate donor in the rose pak community fund and delighted to be part of this we hope and as a added incentive the mayor and the - of our past mayor she will be thank you for the opportunity one hundred years old on the same birthday as former mayor ed lee that is may 5, 2025, we can - will be great honor and great impact. thank you. >> and i'm available for any questions that you may have. >> thank you, eric. >> any comments or questions from the commission? >> other than our appreciation. >> no commission discussion um, do we have any public comment discussion on this item. >> motion. >> motion for. >> i'm going to put this in motion to approve. >> 0 so moved. >> commissioner schnair and any public comment on the motion before the commission [off mic.] >> i'm looking at the um, resolution which is this specific

of the spending numbers over the chinese holiday period and it turns out they were down 2% than prepandemico goldman sachs analysis. subdued services prices, lower tourism. which highlights the weak demand story and why the stimulus needs are high and there's questions how much appetite there is to do fiscal stimulus right now. >> matt is over there right now from j.p. morgan indicating the opening, casino is doing better, too. i think it's on the fence how well the consumer is doing. >> we don't know how much they're going to stimulate. the consumer has been weak. pepsi yesterday -- >> it's been unimaginably week. >> yes. >> the selloff continues. we didn't discuss it in the nine so i'm glad we are here, sara. to your point there's a great deal of enthusiasm but not a lot of detail that's often the case and it's hard to understand what is going on in china particularly given the way the government messages things. but we're kind of waiting as the market clearly is waiting as well for the concrete actions, i guess. >> on the fiscal side. >> on the monetary side it was fairly specific and it

the line usage, which is use of those lines is much lower rate than it was prepandemic or normal timesall it that. that's because companies have to be careful because the cost of borrowing went up. that's the restrictiveness of where the rate structure is now. the real rate structure affects consumers some but really affects small businesses and midmarket businesses much more. >> given all of that and all of these investor questions around the rate outlook, brian, what rate environment would be best for bank of america? >> at the end of the day our job is to make money in any rate environment. what we believe at the team, and our research team, they do a great job, they believe there's two more cuts this year and we end up with a terminal rate about 3% at the end of next year. that's the important thing, whether there's a cut this quarter, next quarter, 25 or 50, there's a lot of work going on. we have a lot of people who analyze that a lot. but the reality is, where is it going to end up? if it ends with with a terminal rate at 2.75 or 3.25, that's a wholly different environment than

really good growth, consumers that are resilient and inflation coming all the way back down to its prepandemicels >> reporter: as i mentioned workers are back at the ports today. we're here at ila headquarters and have not seen workers here or the president harold daggett. we're seeing signs of normalization in terms of investor expectations when it comes to the supply chain and supply chain stocks. shipping stocks falling hard you see on your screen right now, down 20% over the last week and spiked when it looked like this port might be lasting more than three days as it did. on the other hand we're seeing stocks like xpo, ups, jb hunt moving higher that perform well within normalized supply chain so we're seeing those stocks move higher, j.b. hunt lower, but xpo with big box customers moving higher on the expectations you're going to see more normalization of the supply chain going into the holiday season. >> all right frank real quick, you asked a question of lael brainard i asked it of the acting labor secretary neither answered about what happens to the wage increase does it get passed on

continue to do everything we can to combat issues why we're not letting the up and starting to see prepandemice're exciting what that means right now with our class of 40 and one with 60 that is coming the classes are starting to fill up and anticipate. and within the next 2 1/2 years our department will be filling but we are also making sure in light of challenges that exist we are still doing our jobs and getting the kinds of results making a significant difference in san francisco today is an exciting time more importantly we have our law enforcement leadership and work handing together and the a factor so many years of the disconnect on the same page pushing for the same kind of results public safety for the entire city and every resident and every corner of our city. so not just one thing or another all of that we are doing that every single day and today is an example of noting with a new tool that will transform how we aid issues around the important thing related to the challenges of that with public safety. including some of the issues we're dealing with open survey drug dealing and s

not sharply lower than prepandemic, but far from good enough. poverty, nor to create the number of jobs we require, nor to generate the tax revenues that governments need to service the heavy debt loads while attending to vast investment needs, including for the green transition. this picture is made more troubling by high and rising public debt. way higher than before the pandemic. even after the brief but significant fall in debt to g.d.p. as inflation lifted tphoplal g.d.p. -- nominal g.d.p. do please notice the shaded area on this chart. what it shows is that in severe but plausible adverse scenario, that could climb some 20 percentage points of g.d.p. above our baseline. what does it mean for fiscal space? to answer this question let's look at the share of government revenue consumed by interest payments. this is where high debt, high interest rates, and low growth come together. because it is growth that generates the revenue governments need to function and invest. as that increases, fiscal space contracts. disproportionately more in low-