And oversight committee. My name is jane kim and im joined by our vice chair, supervisor aaron peskin and acting mayor, london breed. Thank you to our committee clerk, john carol, and i would like to acknowledge Jessie Lawrence who who ensure the meetings are available online. Please make sure to silence cell phones and electronic devices. Items acted upon will appear on the january 23rd, 2018 board of supervisors agenda. Can we call item one. Hearing on shortterm residential rentals registration and any need for a additional resources. I want to acknowledge and thank you supervisor peskin who is the sponsor. I will hand the hearing to you. Supervisor peskin thank you madame chair and colleagues. As you will both remember, in august of 2016, the board of supervisors unanimously passed an amendment to the previous shortterm rental law which held hosting platforms accountable for ensuring that hosts are properly registered and i want to acknowledge the chief sponsor of that legislation,
Citizenship. Its not a permanent fix. If congress chooses to make changes to this law to do so through the process set forth by our founders. Deirdre that was u. S. Attorney general Jeff Sessions laying down the loft announcing president President Trumps decision to phase out what he calls unconstitutional obama era protections for socalled dreamers or immigrants who were brought into the u. S. Illegally as children. Putting the ball in the congress is court with this giving them a sixmonth window to fix fix it. Welcome to risk and reward i am cheryl casone. Great to have you here. A lot of news to get two for the day. Well we will start with what happened on wall street, the triple digit dow dropped. That dao diving more than 200 points as north koreas latest bond test watt rattled wall street. We will talk about the impact on your portfolio and now the ball is in congress as court to act on the controversial obama era executive order is calling for deferred action on the illegals who
They are very potent storms. The ones we were concerned about are just off to the east of allentown and approaching read ing. Well talk about the storms when i come back in a few minutes. A child immigration program, Jeff Sessions announced the daca program will end in six months. It allows 280 undocumented immigrants who came here as children to work or attend school. Thats actually more than 800,000. Sessions argued the program enacted by president obama in 2012 was an executive overreach. That would be an open borders policy and the American People have rightly rejected that. The Trump Administration will stop considering new applications for the Program Dated after tuesday. But any Daca Recipients with a permit set to expire before march 5th of 2018 can apply for a twoyear renewal. Congress has six months to take action that could potentially save the program. Todays announcement affects thousands of people across our area. New at 5 00, tim furlong met with local students in delawa
Because we have a possible Missile Launch and Hurricane Irma. Taylor all of my eyes are on people in florida. Not a lot of movement here. I would look at the nasdaq in particular, you are seeing quite a few games,. 4 . I would imagine that is more followup yesterday, comcast 150,002nywhere from 200,000 people cutting the cord. Major sectors in the nasdaq, the Energy Sector bringing down the nasdaq. I want to look at oil. Look at this screen. Oil down more than 3 , starting to see that capacity come back online as you are reducing the pressure on demand. That is bringing some of those prices down. Range resources down 10 as a Goldman Sachs analyst downgraded that stock. We are also looking at some of the insurance and banking theirs. Im looking at insurance because it looks to be bouncing back a little bit worried if there is any good news coming out of Hurricane Irma, it was downgraded to a category four versus a category five. That means wind is 150 miles per hour. Perhaps if there is
Safety around the world. She said he has good advisors. In israel, the wife of Prime Minister Benjamin Netanyahu is facing indictment on suspicion of misusing public fans funds. She allegedly overspent at private on private meals at their residence. She called the charges absurd. Global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. I am mark crumpton. This is bloomberg. Abigail live from eric. New york. Quiet but therly dollar at its weakest level in more than two years. Eric the question is what you miss . The hurricane continues its barrel toward florida with millions and the potential path of destruction. Billioncould reach 200 tapping hurricane katrina. Investors have almost 9 billion in funds but hedge funds are asking clients to remain calm. Congress passes a shortterm debt ceiling go that republicans in congress are blaming House Speaker paul ryan for letting democrats get the upper hand. Our top story, authorities are orderi