I think what weve got is a range. I dont think its anything really terrific, and i dont think its anything bad. One of my favorite technicians, larry williams, who was the dean when i was in diapers, he was doing great stuff, weve been going back and forth about the notion, look, until we get closer to action, hes usually an october 20th buy. I mention because neither one of us thinks theres anything catastrophic ahead but neither one of us is excited if you are excited, if you think we will return to the days when stocks only go up, you will be disappointed, scott. I just think what were seeing with the teslas is emblematic if you get too excited. One of the central questions whether tech has gone down enough relative to how much it ran up i bring that up, you look at the faangs, month to date microsoft down amazon, facebook down 11, 12 and 13 1 2 here is what mike wilson told us from Morgan Stanley thinking tech could have a ways to go before its done all right, well, we dont have th
That day . [laughter] david a few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me, but it is challenging to be the sole ceo and be the coceo. When you talk to Reed Hastings, you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. The company now, which went public in 2002, the market cap is up about 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . Reed no, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way, too. Blockbuster could have wiped us out many times. When viacom spun off blockbuster in 2004, they saddled them with 1 billion of debt as their goodbye kiss. The covenant on that debt severely limi
The u. S. Cases approaching seven million. A new round of stimulus remains a major question mark in washington weve got 59 minutes left of trade for this week. Were up 2 for the nasdaq its been a roller coaster of a day. Coming up, well ask the billionaire investor where he is finding opportunities amid the renewed volatility on wall street well get his thoughts on the red hot ipo market and, of course, the spac craze the plus, former National Security adviser mcmaster will join us to discuss the latest news on tiktok and simmering tech cold war with china well talk about the many battlegrounds for the United States and to mcmasters new book which is out this week. Lets get straight to the big stories. Mike santoli is tracking all of the market action. Julia has new developments in the tiktok saga. Josh lipton is covering more on the facebook fight mike, start us off on the Broader Market thank you very much we have a little bit of follow on rally here in the afternoon we have a little
Conversation that is going on right now. But were definitely monitoring that and well try and plug into that process when the opportunity presents itself. President tsen okay. Thank you. Okay. So the next item, please. Its adjourned. President tsen all right. Thank you. Director richardson before we adjourn. Yes. Director richardson i have two statements to make. Just to acknowledge mr. Jim smith for helping us out through the technical glitches today. And i would love to with your permission to adjourn this meeting in the memory of the late congressman john lewis and it was put eloquently, some thoughtful recognition of this great man. And we are all in gratitude to mr. John lewis for his life long fight in systemic racism and injustice. So he was a leader by all measures. And may his soul rest in peace. And thank you. President tsen thank you very much. With that, well adjourn. Thank you, all, for a great meeting. Thank you. [roll call] we have a quorum. You may begin the meeting. Th
Nepa process. The draft document with the environmental assessment. We have section 106 for historic preservation. Park land and historic site. Were currently in this middle level where were working with comments, a memorandum of agreement. Were drafting our final 4s evaluation. Our target for final signature from cal trans is august 24th. This is low allows us to allocae our federal funds build fund dollars by the end of august. Our schedule has changed a little bit as a result of covid 19. Primarily advertising the first phase of construction between fifth to eighth street to 2021. Our design is continue to go that time. We implemented quick build back in january. We have a Pilot Project as a sidewalk level bike way. We plan to begin construction in 2021. Were assuming a two year construction duration. Followed by construction of the f loop. Im sure you all remember that Market Street went car free january 29th. We saw significant increase in bicycling. In the eastbound direction mar