these mental health stablization beds are just a piece of the puzzle. there's so much more work that needs to be done. and today at the board of supervisors meeting, supervisor rafael mandelman and i will be introducing legislation to introduce state senator scott wiener's bill sb 1045. many of you have heard about sb 1045, and this bill which was championed by senator scott wiener and supported by david chiu and signed by governor brown allows us to opt into a conservatorship program to help those with mental health. i want to thank senator wiener for his leadership and supervisor mandelman for his partnership. i also want to thank all the city staff including those in the city attorney's office who have been working months before the bill was ever signed so that we could be ready for this day to move as quickly as possible. and that is why the combination of this legislation and these new beds are going to help us get to a better place for those people that we know need help. conservatorships, we know are a challenge, and we are going to continue to e

our current operating projections for a stablized year is approximately $32 million. our projected revenues is approximately $18 million. the remaining $14 million will be generated from toll funds and operator subsidies. we expect to get approximately $11 million from toll funds and $3 million from the operator subsidies. in addition to generating revenue from retail and advertisement and other activities, we are also identifying efficiencies and looking for other revenue sources for the center. we'd like to close by saying i understand how important the transit center is to the bay area and the state. it's an economic driver for the neighborhood, creating direct and indirect jobs, generating sales tax revenue for the state and the city and providing permanent jobs for people that need them. we will reopen as soon as possible, safely possible, so that the entire bay area can once again benefit from the investment they have made in the transbay program. directors, at this time, i would like to present with you the project leadership report, and then, i can take questi

music in, and in that building, 99% of the students are on financial aid, and the 27 units are rent stablized, and every dollar it generates goes back to support scholarships for future students. [applause] >> these guys did an extraordinary job. i can't say enough about how many hurdles they across for us. our law firm did amazing work. there was so many folks working at the city level who also provided this great work. and the fact is it was the team that made it happen, and i said to our c.f.o. this morning that at every point in this project, there was somebody on the team that made an extraordinary event happen. otherwise, the entire thing would have stopped. that's how much this was a combined project. but ladies and gentlemen, we don't do projects like this without people who actually believe and put substantial resources behind them. and i can't tell you how fortunate we are in san francisco because when you look to davies hall, the opera, the conservatory, sf jazz, to the museums, to the incredible cultural life that we enjoy here, it is because actually not as many as you think, but

it began to stablize. it continues in my mine to seek new leadership. i want to bring in crescent wealth advisors, chief investment officer, jack be a blip and d.r. barton now. jack, i like the fact other names stepping into the fray, and apple was down, google was down but by the same token there is vulnerability to this market, isn't there? >> there is a seasonal up tailwind mixed in with the monetary headwind. yesterday personified it. we had a great day. everything was going really strong. then claim powell came out and by the way, we'll continue to raise rates. sure enough, investor woke up this morning, said we have to sell. there is the tension between the seasonal push and interest rates we have to face down in the coming months. charles: jack, before i go to dr, the ppi report out hotter than anticipated. pointing more towards inflation which would auger i guess the where the fed is coming from but we understand the ppi typically doesn't move fed policy but how much of a role is that playing in today's selloff? >> it certainly just adds another

can something stablize this? >> buybacks help. that will smooth it out. everything is true. monetary policy is still accommodative. we're coming from zero. it will take time. the technical damage is pretty severe. apple, history of electronic devices companies is not great. eventually you start to hit peak sales. for them they're moving into another company. i think that is good news for apple investors in the future. charles: they better start more a little quicker. todd, david, he have jeffrey, you're the best. appreciate it. >>> with four days left to the midterms will the job as report put an end to promised blue wave? people know they're doing really well. up next president trump may be touting progress with respect to our trade dispute with china but he is keeping the pressure on beijing. i will explain next. ♪ at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >> today i spoke to president xi, great guy, great man from china. he is bottoms, the head of chin

if we can help them stablize this and reduce the amount of suffering that's going on, i think we should do it. i would look hard at what kind of money we're providing to assist with medical supplies and food and, if possible, increase that and have a path way to get it right to the people. >> dana: could i switch gears and ask you about another topic. this is the tension between russia and ukraine. the president saying he doesn't like the aggression. then one of the spokes people for putin said it depends on what he means by aggression. he ear saying the ukrainians were aggressive against the russians. what's going on there? >> this is likely the russians lying right through their teeth as they always do. this is, i think, motivation here is two fold. one is that putin clearly wants to reduce ukraine's economic prosperity. there's multiple ports north of the kurd straits that he's trying to reduce exports coming out of there that move into the european global economy. he doesn't want ukraine to be dependent on the west economically. the second thing, why the timing now? i think it's tie

a lot of people think this will stablize a lot of margin call selling. today we were higher most of the day trying to make it three up days to indthe week. later in the day we got a story about kirkuk, they cut a deal. kirkuk regional government cut a deal with iraq to get the oil flowing. that oil is down over a year. because of concerns about kurdish independence, iraqis didn't like it, they shut down oil fields. john bolton should down the deals. going back up, in the overnight session, a lot of concerns about, the angry saudi arabia government right now. at the trump administration, about pulling plug on iraqi exports. there is a report in "wall street journal," basically says that the saudis are setting their own course away from u.s. interests. what it comes to oil production decisions. that shows that they're very upset because donald trump helped create a price crash on oil, by, you know reneging on oil sanctions. it cost them billions of dollars. so that will be interesting weekend. back to you. melissa: only one they dislike more than us is ira

the reality is that america was nee deep in the struggle over the efforts to stablize the financial crisis in 2008 and the zone crisis that followed. it had to be. are argued, the stakes simply too high. half the funds held by one of classes of money invested in were european bond stocks. one thing that could affect the have beenn 2011 would the failure of one or several european banks. key moment in the g-20 provided a cover for this, these at the g-20 were global and atak out into groups key moments the g-20 would focus on euro zone problems and at the thelutely critical moments, french handed the chairmanship to the americans. why? because obama was the only person who could muscle merkel shifting her position on the euro zone. america continued to play crisis the he pivotal role. and i don't mean to speak about sitting next to you, bob. the interaction between better the will washington over handling of the euro is pivotal in eastern e story europe. of course it is not a story without frustrations, but it is story of continued essential interdependence which offloads really need don't

stablizing today. not much is happening across the equity markets. if you flip the g.m.m. get a sense of the biggest story really has been the collapse in commodity prices. take your pick. iron ore 13%, down. brent crude 18.5% down. 32% if you measure from the peak. so i would imagine a lot of these sharp moves and swings in the space might be opening up a lot of opportunities and dislocations, cross assets as we try and map out where we go from here with markets these next few weeks. >> that's right. speaking of collapse, markets start owned a high and now are poised for the fifth yearly drop in 10 years. still, bank of singapore's ..i.o. joins us right now bullish, evaluations looking attractive. >> very supportive to yen and when i saw the opening up of the jaw between the u.s. markets doing very well the first half of the year and emerging markets starting their sell-off, now there is really a significant difference. so why do we -- valuation is not the only thing. why do we like emerging snarkts the fed is probably going to slowly pause -- that was one of the biggest

we can't afford to be cutting stablization assistance, never behind humanitarian aid when every other player from assad to russia to iran to turkey to china is deeply involved and working to shape a new syria that will undermine u.s. security interests. so i look forward to hearing from both of you gentlemen about how the administration plans to protect u.s. interests in syria, and exactly how each of our programs, goals, and objectives, fit into what i hope will be a strategy for the long term and a strategy for success. i will now turn to mr. kinsinger for opening statements. >> thank you, madam chair, and again, thank you both for being here. sound like a broken record on these, sadly this has been going on for eight years with a lot of deaths, including 50,000 children, in syria, which is just absolutely abhorrent. i do want to start with some good news though. which is i think this administration deserves a lot of credit for a very improved syria policy. we spoke a good game in the last administration but i feel like all too often there was inaction. the most notably the red line

in the long-term the russians would probably benefit from stablization in this region. certainly, russia stand to benefit from investments and infrastructure and increases in transit and trade that would come from more chinese investment going through central asia and the chinese very clearly made a big bet on the china-pakistan corridor and the-- them taking advantage of a different environment makes a lot of sense, so, what can we do? i don't think-- and we didn't do the saudis-- i think what the saudis and qat qat qataris, it's more a matter of influence, i don't think you can take away saudi arabia, that having an impact whether the saudis play more or less of a role right now. i think it's a pretty good moment for qatar. they're hosting the only official political recognized taliban and i think that he was there for discussions this week and if the saudis are thinking we are going to get a piece of that we want to be is he center for engaging with the taliban, and be people who broker something here, i think the stakes for the saudis is quickly shrinking and things

that is a good sign at least initially, opec's plans to cut production is stablizing the market.as a chance to continue to go higher as well but we'll see. neil: mr. flynn, thank you very much, my friend. meantime the fire that will not end, fires that will not end. fox news correspondent claudia cowan in paradise, california, with the latest. claudia? reporter: neal along the main drag nearly every single building has burned to the ground and a grim recovery effort is underway. 200 people are still unaccounted for. this is five days later. the death tollç is 31 statewid, 29 fatalities in that fire that that death toll could rise. you take a look at the firefight out on the front lines arbs massive firefight being waged by more than 4,000 crews battling the flames from the air and on the ground. 113,000 acres this camp fire is. fire only grew 2,000-acres overnight. it is 25% contained. a red flag warning has been lifted. but officials say strong wind gusts could fan the flames are expected to return to the area tonight. they're asking that everyone in the fire sown be ready to e

that is one of my questions, neil, what does it look like when it is over, when it stablizes, when itan't deliver 20% growth on the top line forever with, you know, fairly modest bottom line. what does it look like for amazon when it is over? what sort of an investment that will be? same with walmart. walmart invests substantial amounts of money to become a player in the digital space as well as the physical space. what does that look like when it is over? neil: what does this economy look like right now? it is not over. a lot of people hope that it doesn't end, what do you think? >> i'm optimistic. as i said, i think, the consumer is strong. we are consumer driven economy. as long as consumer remains strong and confident. there is a lot of things derailing us. heading into presidential cycle. overhang from tariffs, from the trade negotiation. from the mueller investigation. fed doing what the fed might or might not do. all those things could change where we are now. like trajectory we're on. i'm optimistic some shock to the system the. we'll stay on that trajectory through the end of

they have come down a little bit, these rates, stablized them. of that we understand mortgage applications actually increased now. people taking advantage of the stable rates moving in. as the rates were rising, it was frightening people off especially those trying to get in the housing market. stuart: we say this every time, 4.81% on a 30-year fixed-rate mortgage, that is historically very low. ashley: that's a good deal, right? stuart: anybody in our audience, my age, your age, can remember the days, not including you in this. liz: thank you. stuart: you can all remember double-digit mortgage rates. ashley: 16%. stuart: you paid 16. i paid 12. liz: this is for the highlight real. every week we have this conversation. stuart: let's get serious, get back to the g 20 summit. bring in fox news contributor, jason chaffetz. jason i think this is the most meaningful summit in probably a decade. do you agree? >> i do. whoever looks awkward in whatever shirts the country wants you to where, you're absolutely right there but look, donald trump is a diffe

the rally is stablizing, actually continuing for the dow. >>> the democrats did take control of the houset it know what that does to economic growth and the market. come in ed fuelner, heritage foundation founder. i also want to bring in scott martin, kingsview asset management guy on the stock market. ed, what does the house being taken over by the democrats mean for the future of the economy and economic growth? >> stuart, it means two things. but first, whenever, whenever you have me on your program the dow is up. i was very pleased to see yesterday we broke 26,000 again. as you might recall back some time ago we had debate about that, when it was going to happen. what we have to do, stuart, is educate the democrats about what is up supplied economics is about. the tax cuts do not necessarily mean reduck sun in government spending. what they can mean is more economic growth, more economic vitalization for everybody, up and down the economic scale. that is what is so important. they don't seem to understand this at all. connell: i'm sorry. i need to go back to the news conference. i do