Cold air is blowing into the area. Its especially chilly on this manmade rink. Tonight will be the coldest were seen so far. Is it bad that i want to wait until its a little bit warmer to get on that ice . Im right there with us. It will be with us for a while. Yeah, you know, its going to get quite a bit colder than it has been today. Temperatures have been dropping off. We have felt that as we ended out the week. Just a couple days ago we had 70 degrees. Now 40 in philadelphia. 37 allentown and reading. Below freezing right now in the poconos. 39 right now in dover. Take a look at what most of the country is seeing. 30s stretch all the way down into dallas. Much of the southeast seeing about 40degree temperatures. Many of us are either near freezing or below freezing. So the cold air is really taking its grip and its not going to let go any time soon. By 6 00 p. M. , upper 30s. Friday night, 10 00, temperatures dropping closer to freezing. Tomorrow morning will be the coldest so far.
But stocks are down. Worse day for equities in the bull market started back in 2009. The nasdaq in particular selling off quite heavily, down about 3. 5 . Blackrocks chief investment strategist is with us. What are investors thinking . There are a couple of things going on. Veryof these sectors got aggressive valuations. You look at biotech for example. Nearly eight times book value as recently as the end of march, so clearly, you know, stretch valuations have played a part. I think what is exacerbating this anchor to reading and contributed to the seat is were seeing a lot of liquidation by hedge funds. They have done really well with a, but at that moment them has broken down, we are seeing some aggressive liquidation by many of those players. What are those players doing now and what are they buying into . Been a lotthere have of movement into cash, but you are also seeing something below the surface. Take a look at technology. We have all spun this as Technology Selling off. If you
Test, test, test, test, test, test, test test like to welcome everyone to San Francisco remind members of the public to please silence any mobile devises and id like to take roll at this time calling names both commissioners are expected to arrive late. Commissioners first on your calendar is items like one a and e requests for additional use operations continued until september 6th. And the next items request for conditional use operations this proposed until cement 26. Those are all the items i have and i have no speaker cards are there any Public Comments. Seeing none, Public Comment is closed move to continue items one and 2 to september 26th. Second on that motion calling names so move commissioners that passes and places you under our consent calendar all matters are considered to be routine. There will be no separate discussion of those items unless so requested. And then it will be removed and credit card for a separate hearing. At 524 Howard Street request for conditional use
E requests for additional use operations continued until september 6th. And the next items request for conditional use operations this proposed until cement 26. Those are all the items i have and i have no speaker cards are there any Public Comments. Seeing none, Public Comment is closed move to continue items one and 2 to september 26th. Second on that motion calling names so move commissioners that passes and places you under our consent calendar all matters are considered to be routine. There will be no separate discussion of those items unless so requested. And then it will be removed and credit card for a separate hearing. At 524 Howard Street request for conditional use authorization and 25 d at the 999 brandon street and item 5 for case 20. 12 c at the 1097 Howard Street request for conditional operation. Those are all under your consent calendar and i have no speaker cards any Public Comment . I assume that my consent item was pulled off. I put my item on the consent calendar b
Any other questions . Comments . I might have more than one, but if i was reading the numbers right, simon, is yours going to cost about less than 40 million to do phase 1 and 2, or was that 26 million just infrastructure . Excuse me. The 26 million infrastructure, project costs 118 million, roughly in the same ballpark with tax credits. About 100 million. And can you guys both just give me a cursory review of what your maritime components will be . [laughter] you know, i beat him because i put this little selflaunch crane in. He missed my little selflaunch 4,000 pound crane. Theres one over in marina and sauselido where the public can go. I beat him. [laughter] thank you, commissioner. Obviously maritime uses are important, both because it takes advantage of this wonderful asset on the water and because its so important for trust consistency and bcdc approve. I think our proposals are very similar. In both cases i think the teams are proposing to rehabilitate the existing floating doc