joining me now, veronica clark and dana peterson. king for more economic weakness and not necessarily celebrating resilience the same kind of way. do you think that maybe there is a tipping point in the economy that is becoming more clear or do you think that people are realizing they got over their skis with betting the soft landing? veronica: it was only a couple of months ago where the narrative was more acceleration but now the data has slowed and i don't have trouble convincing people like i had to a couple of months ago, but it does feel new to us that this has been a gradual slowing. we may be at the tipping point where you are the nonlinear weakening with layoffs a building on each other and a much worse economic backdrop. lisa: do you see this tipping point from your vantage point, dana? dana: for a long time we predicted slowly in the economy and a recession call for a long time. now we think the second or third quarters will be growth between 0% and 1%. consumers leading the decline. the thing is, consumer spending could be

reacting to the ecb rate decision and veronica clark looking ahead to payrolls. all-time highs.m environment is expected. the weight of the evidence suggests that the uptrend remains intact. with us for more. keith, i wonder what you make of that record high and why you believe there is more in store for 2024. >> it feels great to be with you. we actually upgraded equities on that pullback. also on duration. i will say, new highs is a characteristic of a boom market. historically, we put out a chart for all-time highs and you see the common basis. as long as it is supported by earnings as well. i will say that when you look historically, the medium gains are a little over 100. we would expect more of a moderation. overall, we give them the benefit of the doubt. jonathan: we know the headlines from yesterday, carrying weighty market caps. is that what you still expect for the year ahead? >> we have been avoiding tech for some time. the top 10 stocks in the market are now about 34%. that is the most in the last 40 years. the market has become more narrow. three sectors are outperf

tomorrow, for -- veronica clark from citibank joins us at 8:30 a.m. tomorrow morning. equity futures right now on the s&p 500 are just about positive. let's give you an update on other stories. >> shares of hewlett packard enterprises surging in the premarket trade the company reported revenue that beat estimates and raises outlook for the year. increased demand for its servers and more availability on the nvidia chips led to a jump in its sales of ai systems. hewlett-packard has only seen modest gains this year. other companies experience big jumps in a share prices with their booming ai service businesses. intel and apollo are teaming up. the chipmaker announcing that the equity firm is acquiring it 49% equity interest in a joint venture related to intel for $11 billion. the apollo copresident spoke to dani burger at the conference in berlin. >> blue-chip large-cap companies are not talking about 100 million or 500 million, they are talking to billion and 10 billion plus. the ability to come up with those creative solutions in scale is really critical. we will see mo

clark, supervisor preston, the floor is yours. thank you, melgar, and thank you for scheduling the item today. i also want to thank, veronica flores and audrey maloney from planning and deputy city attorney rob coppola for their work on this item, the intent of this, item before you today is to implement the initial planning commission recommendations from back in 2004, a full 20 years ago, to exempt the mixed use project known as faletti's plaza. from the alcohol restrictions of the nearby divisadero alcohol restricted use district. the ruddy. so the ruddy places strict limitations on new alcohol establishments, including a prohibition on new liquor stores and when the planning commission heard this item back in 2004, they actually recommended at that time that the mixed use development at 1275 fell street, flooding plaza be exempt from the restrictions of the ruddy. in retrospect, i think that exemption was a good idea back then to that would have maintained flexibility of the site, but it was not ultimately adopted into the ordinance that established the ruddy at that time. this was not an issue for many years because th