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Eeked out a two basis point gain but it could have been worse and it should have been worse and was at one point in the day very ugly but the nasdaq rallied in the close taking the market with it. I kept from the very beginning, from the opening bell, where are the sellers. Where are they why arent they reacting to that ugly warning that we got monday from apple why is everything no matter how negative treated as a buying opportunity. It is like there is always something to be said for instead of and i think i know the answer. I think it is the index funds. 60 is coming in via index funds and they buy everything, including the stocks that should be getting hammered by bad news. And they buy in waves and they are in control of this stock market not mutual fund or Hedge Fund Managers either. Yes, index fund buyers i know people call this market a bubble and blame an easy fed but maybe, just maybe, listen to me, there is no one ....
Premarket. Microsoft and intel are moving lower. Weve got a first look at the economy under president trump. It was a weak First Quarter, the question of course is has growth picked up since then. Starbucks out with results, the stock is slipping. A live and exclusive interview with Ceo Kevin Johnson and now chairman Howard Schultz. On the tech earnings front, amazon as you may know by now surpassing forecasts, getting a lift from the Cloud Business. Alphabet also above consensus as mobile search helped to drive ad sales higher. Microsoft and intel beat on the bottom line, but miss on the top line. Jim, theres a lot to get to last night. Last night was incredible to listen to not to the amazon call because amazon said, our cash flow is fabulous. All true. But the ....
Community on eir and hosting december 13th will be viewed as trying to ignore public input and feedback. It is a busy time for many of our families and residents. I know the request has been to move the scoping meeting to after the new years in midjanuary, when people are back and will be able to focus attention on this important project in the neighborhood. Okay. Im happy to talk to the larger project milestones briefly, which is just while we first fiscal feasibility finding and environmental e are view process. As we talk about term sheet endorsements between february and april that anticipated a draft N Environmental report would be published may to june of 2013 and final eir would be in early 2014 along with proposed approval of transaction documents. Trust consistency approvals that would need to be obtained in the spring of 2014. That would keep us on a schedule tol begin construction december of 2014. I want to say one ot ....
Input and want to whether it appears we are rushing through this process because of how much a priority i agree. How much a priority it is to bring the warriors to San Francisco. We want to see that happen but not at the expense of the process. We absolutely agree. This only works if it truly works. It is not unprecedented to go from an exclusive negotiating agreement to this. We had an a threemonth meeting before it passed accountability but then took time from fiscal feasibility to have the environmental approvals. We have a schedule i can discuss with you. The proposed meetings between now january. I will be at the maritime meeting tomorrow to talk about the maritime proposals for the three sides of the pier on 19th as i mentioned at 1 p. M. There is is a land use hearing which will be an informational hearing. We have had presentations in the cac, now the Port Commission ....
That was my exact testimony. It will take a big idea with lots of benefits. As i was listening to ms. Mathiss presentation, i was thinking this will Hurt Partners in oakland. It is challenging for all of us, but one im hoping we can take advantage of of the waterfront and keep this as economically viable as possible. Those are the thoughts. Im happy to take questions if you have them. Thank you. Supervisor kim, did you have a question . Thank you. Why dont we go to the budget analyst report. Mr. Rose. If i can ask you to go to the poem. Madam chair, members of the committee, we have a conclusion and report on page 18 where we state the proposed development appears 3032 and seawall lot 10, including rehabilitation of the property at pier 30, 32, multipurpose arena for Golden State Warrior games and events. Public open space. Maritime use, retail and related parking. Devel ....