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Reportedly near a settlement over it role in the scandal. Will this help the banks massive issues . All that and more tonight on this monday, january 6th. Good evening, everyone, and welcome. Its an historic day for the United States and its economic policy. For the first time ever, a woman, brooklynborn economist janet yellin, is poised to be sworn in as the nastions top banker. Early this eve tng senate voted to confirm the 67yearold yellin as the chair of the federal reserve. Shes now its vice chair. Eamon javers joins us live in the nations capitol with more on tonights vote and what it me...

All of this, but one thing that i am nervous about is the selfregulations of the people reporting and i know that there are other examples of other industry where they might do someself reporting, but i also know that often times, the responsible organization, or agency that is collecting the data may do audits on, you know, spot audits to be sure that we are getting the correct information, is there any plans for the puc to actually do the audits on these tncs. We are going to be doing audit and will do investigation and we will do audits and as part of our decision, the tncs have to comply w...

Office Will Champion and were working on several the recommendations in the report including increasing fees for you Community Facilities and the identification for city owned buildings and Affordable Housing developments and drafting the midmarket special use district which will hopefully come to the board shortly ill, calling for a hearing in september and after the city departments are looked at long term recommendations in the first round of the applications to be funded. We side have a presentation by mr. Chiu but ill mention the kickal nature is not new we need to pressure longterm and s...

For local activity that brings tourist and our nonprofits the Great Services that show San Francisco to be the camp pact city it really is that. In, you know, ill let the tom and bryan chiu make their presentation i want to make a designation between the source of funding for the nonprofit the nonprofit part of the supplemental that was driven around nexus for tax revenue were doing it for the need is high and the artists side i talked talked to artists in larger organizations, you know, over especially, after i introduced the 2 million but before that several members of the communities were c...

Triple digital loss on the nasdaq. Red was the color of the day with all ten s p sectors down sharply. Here are the sobering numbers, the dow fell 267 points, the nasdaq plunged 130 points. That is a 3 drop and its worst day since november of 2011. And the s p fell 39 points, that is a 2 slide. One big reason for the nasdaq decline, more selling in the biotech stocks, take a look at them falling more than 5 and a half percent today. So what happened . Usually they blame a steep slide on an economic report, a Global Crisis or the weather, but there was no one single reason, there was encouragin...