Going to be up at the open. It would appear at least judging from the futures. European markets have had more or less reasonably decent day. Good, love to see it again. Thanks everybody. Thats going to be a constant now. You see the one outlier is the ftse 100 in the uk. 10year note yield and crude oil, crude was a story yesterday going down, 10year note yield around 1. 5 and now crude up a bit but did seem to take the market down a bit yesterday. As it weakened in the session. Alibaba reporting its earnings this morning and they did top estimates. Overall revenues were up 59 year over year. Gross merchandise volume jumped 24 . Joe tsai is the executive vice chairman of alibaba and he joins us now from hong kong. Its always nice to have you, joe. Theres a long delay, i should let our viewers know. I will talk and then you talk. Not sure were going to be able to talk back and forth as much as we might want to. Let me start with this, joe. Of course a very strong quarter. You did report
Not present yee not present you have a quorum thank you. Can we please join us for the pledge of allegiance. [pleage of allegiance] speaking no mdm. Clerk, any communications . Yes. Where in the receipt of its litigation dated speaking no mdm. Clerk, any communications . Yes. Where in the receipt of its litigation dated february 22, 2016 pertaining to item 2629 todays agenda. Regarding the proposed commuter shuttle permit program appellant representing their Legal Environment of transit have formally withdrawn their appeal. Colleagues, any changes to the have formally withdrawn their appeal. Colleagues, any changes to the january 12, 2016 Board Meeting minutes . Seeing none, is their motion to approve those minutes. Moved and seconded. Colleagues, can we take this without objection . Without objection those Meeting Minutes will pass after public comment. [gavel] madam clerk, please read the consent agenda. Items 14 comprise of consent calendar if any members of the board would like to