I believe is here commissioner stansbury a quorum is present thank you well start with the announcement first of all, we will go into closed session be our first item for the day any members of the public here okay. Good on the ground well go into Public Session after the closed session any members of the public will be letting you know well go into closed session so the chair will entertain a motion to go into closed session commissioner confirm Public Comment. With any members of the public like to comment to into closed session to discuss the matters hearing none. Public comment is closed. A vote is not required okay. So well go into executive sessions any members of the public your excused we will reconvene what w when were done if youre session. Okay good afternoon, Everyone Welcome back mr. Clerk can you tell me what item. On item 4 general Public Comment oh, yes general Public Comment how could i forgot mr. Roth man, i have a card for you were going to go into general Public Com
Within that time period. Where as San Franciscos popules is increasing at a high rate with projections over 1 million resident in future years and all those residents need open space sw recreation opportunities. Therefore, be it resolved the coalition for San Francisco neighborhoods opposes any use the palace of fine arts that is not for the primary use of use for arts, education, cultural or recreation purposes and activity as opposed the use of for profit lodging components. I have a copy of the resolution. Thank you. If anyone else would like to speak under general Public Comment. I know there is a gentlemen who is about to step in who would like to address the commissioners. Wanted to say i have never really testified before you but before i say anything else i want to thank you for helping me raise two daughters in San Francisco and say that from the bottom of my heart. Im here to again to speak for them as a soccer dad. My name is [inaudible] as i told you before. I help start a
Going set close to 12 percent there is a couple of things currency is worth about 4 hundred plus returns we didnt get we heckled back the exposure it would have add 4 hundred base points over the years now currencies are all over the place we united continue in the future the other thing the comparison of international versus the us is apples to apples it is e m so you can see the new developers developed a bit closer the u. S. And this comment was made we meeting met with the ceo from black box the the financial crisis so go into the remaining nonu. S. Development world was further behind when you got to 2011 youre looking at the u. S. Economy or the u. S. Capital market was lagging behind so we were prime to take off and in my opinion that is the excess return the other they know we did this is something that bill spearheaded they meet to discuss whether or not there are opportunities from a version to take advantage of this market and whether or not it make sense to europe allocatio
It is small. If you look at the major averages, we are seeing a small change. In fact, we are giving up the gains out of the gate this morning so the dow has turned negative. Its a little bit of a pause after the big selloff yesterday. You look at the option of this morning, its clear when you look at the imap there is an equal amount of red and green. Health care is higher in eli lilly cut its forecast and introduced new drugs. Consumer stables are up and financials are little changed in energy and utility shares and materials are falling. Commodities are a part of the equation. A can of commodities, lets check on oil which had a wild ride yesterday. Today it is trading lower. We talked about how unusual it is we would see that ratcheting up a tension between iran and saudi arabia and oil with an lower. Ample testament to how the supply is out there in the market that you would see that kind of phenomenon. Betty the Dollar Strength is not helping. Julie the dollar has been on a winnin
Other indexes. And a new blend. Keurig Green Mountain agreeing to a buyout and those shares are absolutely soaring. Lets get straight down to the trading action this hour. Bob pisani is joining us from the flor of the new york stock exchange. How much of the stock markets drop is due to whats happening with oil and Energy Stocks . Oil and the fed are the two things motivating the market right now, but the problem is there is no trend and thats causing a lot of confusion in the last few days. Just look what the dow has been doing since thursday. Thursday the dow is down 250 points. Friday the dow is up 369 points. Today the dow is down maybe 200 points, we dont know where its going to end up but right around there. Is your head spinning . Mine is. And the Trading Community is having trouble figuring out where they want to go. Fed and oil two big things. You mentioned some big oil names. Theyre all down 2 , 3 . But were hitting a lot of new lows in some of the smaller names, particularly