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Thanks to Courtney Gibson for being here and all of you for watching. Power lunch starts right now. We wont let money be wasted anymore. Those word weiss just heard from President Trump. A big budget meeting is being held right now at the white house. Well talk about that and so much more with Grover Norquist. Americans for tax reform. Are we finally going to get it . Get ready for serious sticker shock at the Grocery Store. Imwill President Trumps immigration plan hit as hard as some may think ...

Worldwide exchange on cnbc. Im sara eisen in washington today. Im wilfred frost back at cnbc headquarters. Good morning to you all from me as well. Particularly to you, sara. And to you. Well be back together in no time. Lets check in on the Global Market action. Split results yesterday. A slight gain for the dow, very slight losses for the s p and the nasdaq. It was a reversal of some of the more recent trends. We saw the bond proxies underperform. Utilities the best sector. They outperformed h...

We are focusing on the president , he is going to outline tomorrow night what he wants to do, you cant put the cart before the horse x in this case that cart is obamacare and repealing and, ultimately, replacing it. But there are plans in his budget announcement tomorrow night to lay out a case for increasing the defense budget, already pretty heldty at about 550 billion a year by another 54 billion. Just word of that has sent a lot of defense stocks soaring, and theyre not the only group that c...

Introduction of the person who needs no introduction. Before i do that, i nor wyden mentioned the nba allstar metaphor, i just wanted to follow up on that, the score in the nba allstar game this year was 192182. It was the highest scoring basketball game i think ever. Were hoping our speakers today dont take quite as much offense as the nba did, and were hoping the speakers provide some defense as well. So we look forward to some very good discussions. Alan is the robert d. Burch professor of ec...

Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Welcome back. Thank you. Lets get straight to the market action. Should we pause and discuss vegas . Was vegas good . Breaking even is always a success. You cant be a cnbc commentator and breaking even is all that you need to do. You need not to lose. Shout out to some of the great dealers who say they watch Worldwide Exchange when they get home in the morning. At 2 00 their...

Declines. Thats the first backtoback losses youve seen for the dow and s p 500 since late january. Futured are muted this morning. Dow up by 2 points. Nasdaq up by less than a point. A lot of things happening, were waiting on adp numbers this morning. That may give us insight on what to expect friday from the jobs market. That can het let us figure out the Federal Reserve will do. In asia, the nikkei down by a half percent. The hang seng up, and in europe, a similar story to what were seeing her...

[gavel] good morning. Good morning ladies and gentlemen, i would like to welcome you to the regular meeting of the budget and finance committee. I am supervisor malia cohen, chairperson of this committee. To my right is the vice chair supervisor norman yee and to his right is supervisor tangand i would like to thank our friends up at sfgtv that are assisting us in broadcasting this meeting. Mme. Clerk, do you have any announcements . I think we have Catherine Mcguire from sfpd. Mme. Chair would ...

World, he is a leader in our profession in numerous honors and awards, the editor of not just one, but of two top journalists in economics. On top of that, ive been the great beneficiary, coauthor with alan on many occasions. Today, hes going to talk about the destinationbased cash flow tax, a proposal for which hes done much of the heavy lifting and main proponent and we can all benefit from his explanation of how it works, why it is a good idea, and what some of the issues are and how they can...

This meeting. Mme. Clerk, do you have any announcements . I think we have Catherine Mcguire from sfpd. Mme. Chair would you like me to call item number one. Yes yescall item number one. [calling item 1] ms. Mcguire welcome the floor is yours. Good morning Catherine Mcguire with sf pd. I do not have a formal presentation but this is item to one your agenda and this is that we have received or been offered a donation of a large amount of furniture and we would like to receive it. We have an immens...

Cases and this would be an inexpensive opportunity to do that. Great, thank you. All right lets go ahead and are there any questions . S is a pretty straight forward matter theres no legislative analyst to speak up so we will go ahead and open Public Comment. So i open Public Comment, does anyone from the public have a comment on this item . I do not see any so i will close Public Comment [gavel] mme. City clerk can you please call item number two. [calling item number two] ms. Mcguire did you w...